SpaceX IPO Set to Be Largest in Market History

SpaceX plans to raise $75 billion in an IPO on Nasdaq under ticker SPCX on June 12, valuing the company at $1.77 trillion. Oppenheimer expects Starlink to disrupt the $1.6 trillion U.S. communications industry, raising its 2030 U.S. subscriber target to 15 million. The stock will enter index funds after Nasdaq rule changes.