SpaceX submitted an amended S-1/A filing on June 1. The company expects to debut on the Nasdaq under the ticker SPCX as early as June 12.
SpaceX is targeting a valuation between $1.75 trillion and $2 trillion. The updated filing reserves up to 5% of shares for employees and executive-selected participants through a directed share program.
These specific shares are exempt from standard post-IPO lockup restrictions. The company also signaled plans to issue significant equity for future acquisitions and strategic transactions.