SpaceX favors listing on Nasdaq, with the condition of being included in the Nasdaq 100 index as soon as possible.
According to reports, four individuals familiar with the company's plans stated that SpaceX, owned by Musk, is leaning towards listing on the NASDAQ. SpaceX hopes to be included in the NASDAQ 100 index as soon as possible, which is seen as a necessary condition for its listing on the exchange. Previous reports indicated that SpaceX is planning an IPO, possibly as early as June. Sources say that the New York Stock Exchange is also vying for this listing project, and currently both exchanges have not been informed of the final decision. NASDAQ proposed a new rule last month that could accelerate the inclusion of new large companies in the NASDAQ 100 index. According to the "fast track inclusion" rule, if a newly listed company's market value ranks among the top 40 of the index's existing constituents, it can be eligible for accelerated inclusion in less than a month after listing. The proposed changes are not final and may take several months to come into effect. Sources state that SpaceX is seeking a valuation of approximately $1.75 trillion for this IPO, which would make it the sixth largest company in the US by market capitalization based on the latest stock prices.
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