Currently, based on information from multiple sources, it is highly likely that it will officially launch on NASDAQ on June 12, 2026, which will also be the largest IPO event in human history.

🚀 Listing timeline: fastest as early as June 12

· Prospectus filing: at the earliest on May 20 (next Wednesday), for the public offering prospectus.
· Roadshow launch: at the earliest from June 8 to June 11, conducting global investor roadshows and ultimately finalizing the issue price.
· Trading on the exchange: at the earliest on June 12, officially listed and traded on NASDAQ, with the stock code already reserved as "SPCX".

📊 Pricing and issuance: the biggest IPO in history

This IPO targets a valuation of $1.75 trillion to $2 trillion, with a planned fundraising amount of up to $75 billion to $80 billion. It will surpass Saudi Aramco and become the largest IPO event in the world to date. At present, the underwriting team has also been assembled, including top Wall Street investment banks such as Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.

💡 Trading outlook analysis

· ✅ Favorable factors: Starlink generated $11.4 billion in revenue in 2025, and its user base surpassed 10 million; at the same time, market sentiment is high, and the commercial space sector has been ignited. Polymarket predicts a 62% probability that its closing market value on the first day after listing will exceed $2 trillion.
· ⚠️ Risk factors: the company’s net loss in 2025 was nearly $5 billion; with a $2 trillion valuation, the price-to-sales ratio is far above 100, much higher than Palantir, which is currently the highest on the S&P 500, meaning there is a huge risk of the valuation becoming bubbled.

Overall, despite the enormous valuation controversy, as a tech giant that can change the world, its powerful narrative halo still keeps market sentiment extremely optimistic. This is a high-difficulty game with both milestone significance and high risk.

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