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Golden Ten Data, May 27 — The U.S. Securities and Exchange Commission (SEC) is considering amending decades-old rules that prohibit companies from certain communications during the listing process, in hopes of boosting initial public offerings (IPOs). SEC Chairman Paul Atkins stated at a Stanford University event on Tuesday local time that he welcomes reforms to the so-called “gun-jumping” rules, which have not been updated in more than 20 years. Atkins commented: “At that time, the ways companies communicated with employees, customers, and potential investors were almost nothing like they are today. I look forward to establishing a more coordinated set of rules that offer clarity, simplicity, and align with today's technology.” Atkins has previously lamented the decline in the number of U.S. publicly listed companies since the 1990s and has pledged to relax rules and enact industry-friendly policies to stimulate market activity. Last week, the agency released a comprehensive proposal that may allow new large issuers to temporarily bypass many of the agency’s strictest disclosure rules. Part of the proposal would permit companies known as “large accelerated filers” to skip certain requirements for as long as five years. The agency will seek public comments on the proposal over the next 60 days.

Nasdaq-listed company Strive ($SATA) raised enough funds in after-hours trading today to purchase 400 Bitcoin, setting a new single-day high.

As a subsidiary of the London Stock Exchange Group, FTSE Russell proposed the introduction of a fast-track inclusion mechanism for initial public offerings in February this year and revised the inclusion criteria for the Russell US Equity Index. The index provider stated that SpaceX’s investable market capitalization is expected to be around $70 billion, a figure that meets the thresholds for entry into two major indices—the $17.5 billion adjusted market cap cutoff set by the Russell Top 500 Index, and the $13.5 billion fast-track inclusion threshold set by the FTSE Global Equity Index Series. SpaceX’s listing is anticipated to be a major highlight of this year’s IPO market, and this year is expected to be one of the busiest IPO years in recent times. Several high-profile, venture-backed companies and startups, including OpenAI and Anthropic, are preparing for their respective initial public offerings. Elon Musk’s space company is planning a public listing, with a valuation that could reach $175 billion. It is expected to be included in the Russell Top 50, Russell Top 200, and Russell Top 1000 indices. It may also be included in the FTSE GEIS Global All Cap Index, FTSE Global Index, FTSE World Index, and FTSE Global Total Market Index. However, the index provider noted that this assessment is based on SpaceX’s current S-1 filing and limited public information, and subsequent filings may lead to changes in the evaluation. Media reports indicate that SpaceX plans to go public as early as June 12, with the roadshow scheduled to start on June 4 and share sales expected as early as June 11.