Elon Musk’s SpaceX is rapidly advancing toward what could become the largest IPO in history, with pricing now expected as early as June 11 and a Nasdaq listing potentially set for the following day.

Reuters, citing sources familiar with the matter, reported that the company has accelerated its timeline after completing the U.S. Securities and Exchange Commission review process faster than anticipated. SpaceX is preparing to release its prospectus in the coming days, launch its investor roadshow on June 4, and begin trading as early as June 12.

The revised schedule brings the offering forward from a previously expected late-June window, which had loosely coincided with Musk’s birthday. Sources said the quicker regulatory turnaround enabled the company to fast-track its market debut.

Nasdaq is expected to host the listing, a move that could facilitate faster inclusion in the Nasdaq-100 index and draw early passive investment flows.

SpaceX filed its S-1 in April and is seeking to raise about $75 billion at a valuation near $1.75 trillion. At that scale, the IPO would surpass Saudi Aramco’s 2019 debut to become the largest ever recorded.

The sheer size of the deal is already fueling debate across Wall Street about its potential to reshape capital flows. Analysts expect significant inflows into index-tracking funds, along with portfolio rebalancing that could pull liquidity from other parts of the market.

MSCI has previously cautioned that mega-cap IPOs expected in 2026 could channel billions into passive strategies, altering benchmark compositions and diverting capital away from assets outside newly listed firms.

Crypto markets could also see secondary effects. Bitcoin, ether, and other major digital assets have increasingly moved in tandem with U.S. equities such as the Nasdaq and S&P 500, suggesting that large IPO allocations could temporarily reduce flows into more speculative assets.

At the same time, SpaceX may introduce direct bitcoin exposure to public equity investors. The company holds 8,285 bitcoin—valued at roughly $656 million—custodied with Coinbase Prime, positioning it as the first major IPO to include a sizable bitcoin treasury under fair-value accounting rules introduced in late 2024.