Elon Musk's SpaceX is leaning towards listing its shares on the Nasdaq for what could be the biggest initial public offering of all time, according to sources.
The company wants early inclusion on the Nasdaq 100 index, making it a necessary condition for a potential listing on the tech-heavy exchange.
Nasdaq has proposed a new rule that could speed up the addition of newly listed megacap companies to the index, including SpaceX.
SpaceX is seeking a valuation of around $1.75 trillion for the IPO, which would make it the sixth-largest company by market value in the US.
The listing could give the company increased access to institutional investors and improve liquidity over time.
