Caixin: SpaceX's free-float market capitalization on its first day of IPO may be between $440 billion and $530 billion.

Caixin.com published an article titled "SpaceX's $1.75 Trillion IPO is Imminent: Who Should Buy? Is it Worth Buying?", which points out that Wall Street has never encountered a listed company with such a massive IPO size and such a complex relationship with the US government. Nasdaq has previously passed a new "Fast Entry" rule, allowing newly listed companies whose market capitalization ranks in the top 40 of the Nasdaq 100 index to be quickly included within 15 trading days of listing. This rule will officially take effect on May 1, 2026, and is considered to be designed specifically for the upcoming SpaceX IPO, while also paving the way for OpenAI and Anthropic, which may list in 2026 or 2027. Assuming SpaceX lists with a $1.75 trillion valuation and a free float of 25% to 30%, its free float market capitalization on the first day of the IPO would be approximately between $440 billion and $530 billion. Based on the Nasdaq 100 weighting, SpaceX would directly enter the top ten weighted stocks. Market sources indicate that the S&P 500 is also evaluating some form of "fast-track inclusion," details of which have not yet been released. (Caixin)