SpaceX accelerates IPO timeline

Elon Musk's SpaceX is reportedly accelerating its timeline for a blockbuster initial public offering, with plans to price shares as early as June 11.

The company has selected Nasdaq as its listing venue for what is expected to be one of the largest market debuts in history, potentially valuing the firm at over $2 trillion.

Shareholders recently approved a 5-for-1 stock split to facilitate the offering and broaden the investor base.

Musk has indicated that his personal compensation deal is linked to the long-term goal of colonizing Mars, ensuring his continued leadership through the transition to a public company.

The move comes as demand for satellite internet and commercial space flight continues to surge globally.