Governor Abbott Celebrates SpaceX Dual Listing On Nasdaq And Nasdaq Texas

~ In a groundbreaking move, Governor Greg Abbott announced today that SpaceX, the aerospace company founded by Elon Musk, will be dual-listed on both Nasdaq and Nasdaq Texas as part of its highly anticipated initial public offering. This decision by SpaceX is a testament to the state's thriving economy and its reputation as a hub for innovation and global capital.

Governor Abbott praised SpaceX's decision, stating that the company embodies the bold spirit of Texas. He believes that this dual listing will not only strengthen the state's economy but also create high-skill jobs. It further solidifies Texas as a premier destination for companies that are shaping the future.

SpaceX has strong ties to Texas, with its headquarters located in the Rio Grande Valley and its Starbase launch site also situated in the state. The company will trade under the ticker symbol SPCX, connecting one of the world's most innovative companies to Texas' capital markets. This dual listing serves as proof that companies can maintain their roots in Texas while accessing global liquidity.

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Rachel Racz, Senior Vice President and Head of Listings for Texas at Nasdaq, expressed her excitement about this historic moment. She believes that SpaceX's listing on both Nasdaq and Nasdaq Texas is a defining moment for American innovation and for Texas as the company's home state. Racz also stated that this marquee dual listing showcases what is possible when global liquidity and local alignment converge.

This dual listing by SpaceX is considered one of the most significant capital market events in recent times. It directly connects Texas to the global stage at a historic milestone. With this addition, Nasdaq Texas becomes the largest listing venue in the state by a significant margin.

Nasdaq Texas was launched earlier this year with its first cohort of dual-listed companies. The addition of SpaceX further solidifies its position as a leading destination for transformative companies. This landmark decision by SpaceX highlights how Texas continues to attract top-tier companies and solidifies its reputation as a world-class hub for innovation and global capital.

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