SpaceX's prospectus is available at: https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm
According to a Reuters report, with the SpaceX IPO approaching, major U.S. Wall Street mutual funds and passive index funds are preparing to include high-profile IPOs such as SpaceX and OpenAI in their portfolios. This move may lead to a reduction in their existing holdings of other large-cap stocks.
In a report to clients issued last Friday (May 22), John Flood, a Goldman Sachs partner and head of Americas Equity Execution Services, noted that for passive funds, the potential inclusion of newly listed companies could compel them to decrease holdings in other significant stocks.
He stated, "Investors are increasingly focused on the market impact of potential large IPOs. Drawing from the experience of four major new U.S. stock listings over the past few decades, U.S. mutual funds have typically increased their cash positions to prepare for potential IPOs."
Previously, the Nasdaq 100 Index and the S&P 500 Index introduced new rules to expedite the inclusion of newly listed mega-cap companies, which may apply to stocks such as SpaceX and OpenAI.
SpaceX is anticipated to list on Nasdaq as early as June 12, targeting a valuation of approximately $1.75 trillion, which would make it the seventh most valuable company in the United States.
OpenAI and Anthropic also plan to go public in the coming months. OpenAI's valuation could reach over $1 trillion, while Anthropic is currently in discussions for a new funding round that could value it close to $1 trillion.
