According to a Reuters report, Elon Musk’s rocket and satellite company is accelerating plans for a Nasdaq listing as early as June 12 under the ticker SPCX. Sources familiar with the matter say the company could publicly release its prospectus next week, with investor roadshows expected to begin shortly after. The company is reportedly targeting a valuation of approximately $1.75 trillion and could raise as much as $75 billion in the offering, according to market reports cited by Reuters and The Kobeissi Letter. If achieved, the listing would become the largest IPO in history, more than 2.5 times larger than Saudi Aramco’s record $29.4 billion IPO in 2019 and well ahead of Alibaba’s $25 billion New York listing in 2014.
The scale of the transaction underscores how dramatically investor appetite has shifted toward artificial intelligence, satellite infrastructure, autonomous systems, and next-generation technology platforms.
The anticipated listing also arrives as global investors aggressively rotate toward AI-linked infrastructure and private technology assets, particularly companies tied to connectivity, compute power, defense systems, and autonomous operations. SpaceX longer viewed simply as is not a rocket company. Increasingly, investors see it as a strategic technology and infrastructure platform spanning satellite communications, defense technology, AI-enabled systems, autonomous operations, and global connectivity through Starlink.
Historically, exposure to companies like SpaceX before IPO was largely limited to venture capital firms, sovereign wealth funds, and institutional investors. Retail investors and many regional investors rarely had direct access to private market innovation at this scale.
AGIX Private and Public Holdings include 2.61% in SpaceX
Investors on the Abu Dhabi Securities Exchange already have access to SpaceX exposure through the cross-listed AGIX. The ETF, launched in partnership with KraneShares and supported by OCEANE Global as market maker, is actively managed and designed to provide exposure across the global AI ecosystem through both public and private companies.
As of May 15, 2026, the AGIX ETF reported a 2.61% allocation to SpaceX through a combination of a SpaceX SPV and Class A Common Shares. The fund also holds a 1.7% position in Anthropic, which is widely expected to IPO in 2026, and recently added a third private company, Nuro, a leading specialist in autonomous driving technology.
Other AI holdings in AGIX includes NVIDIA, Microsoft, Alphabet, Amazon, Meta, Tesla, AMD, Palantir, and Apple. The strategy focuses on capturing the broader AI opportunity, including compute infrastructure, data centers, automation, semiconductors, robotics, and next-generation technology platforms powering the AI revolution.
The timing is notable. As the global IPO market reopens and AI investment accelerates, investors are increasingly looking for ways to gain diversified exposure to transformational technologies before they become fully embedded in major global indices.
Global and GCC Demand for SpaceX IPO
according to recent reports, BlackRock has discussed investing between $5 billion and $10 billion into the upcoming SpaceX IPO. The reports were first published by The Information and later cited by Reuters.
The investment has not been officially confirmed, but it signals very strong institutional interest in the IPO ahead of the expected June 2026 Nasdaq listing. Reuters reported that SpaceX is targeting a valuation of around $1.75 trillion and could raise approximately $75 billion, potentially making it the largest IPO in history.
There also has been some report that the Saudi Public Investment Fund (PIF) may be considering a multi-billion-dollar investment. Saudi Arabia and GCC sovereign wealth funds like Mubadala and MGX have been aggressively investing in AI, infrastructure, autonomous systems, and future technologies, making SpaceX a strategically relevant asset for the region.
A Rare Opportunity to Invest in Private Companies
The listing of AGIX on ADX reflects the region’s broader ambition to become a hub for globally relevant and innovative investment products. For regional investors, AGIX offers a rare opportunity to gain exposure to some of the world’s leading AI and private technology companies through a locally traded ETF on ADX in AED. As interest around the SpaceX IPO continues to build globally, the AGIX ETF remains open through participating in brokers and banks on ADX, offering GCC investors an opportunity to participate in one of the most important technological themes shaping global markets today.
