Elon Musk's rocket company SpaceX has confidentially filed to go public, firing the starting gun on what is expected to be the biggest initial public offering in history.
This week's confidential filing comes days after the Nasdaq stock exchange enacted sweeping changes to its index inclusion methodology that would direct billions of dollars in passive investments towards large newly public companies.
The IPO, which would dwarf the $29 billion raised by oil major Saudi Aramco in 2019, is expected sometime in June, potentially coinciding—at Musk's behest—with a rare planetary alignment and the billionaire's 55th birthday.
