SpaceX IPO's free float market value on the first day may be between $440 billion and $530 billion

Caixin.com published an article titled "Who can buy SpaceX's US$1.75 trillion IPO and is it worth it?", which pointed out that Wall Street has never encountered a listed company with such a huge IPO scale and such a complex relationship with the U.S. government. NASDAQ has previously passed a new "FastEntry" rule. Newly listed companies can be quickly included in the NASDAQ 100 within 15 trading days after listing as long as their market value enters the top 40 of the NASDAQ 100 Index. This rule will officially take effect on May 1, 2026. It is also believed to be designed for the upcoming SpaceX, and also pave the way for OpenAI and Anthropic, which may be listed in 2026 or 2027. Assuming SpaceX is listed at a valuation of US$1.75 trillion and a free float ratio of 25% to 30%, the free float market value on the first day of its IPO will be approximately US$440 billion to US$530 billion. Based on the Nasdaq 100 weight, SpaceX will directly enter the top ten heavyweights. According to market sources, the S & P 500 is also evaluating some form of "quick inclusion" plan, but the details have not yet been made public.