Wall Street is preparing for SpaceX’s upcoming IPO, which is expected to begin trading on Friday. Multiple reports say that, alongside months of discussion over the company’s valuation, market institutions are focusing on operational readiness for what could be one of the largest IPOs in history. In particular, venues and intermediaries are carrying out preparations often described as “plumbing” work—efforts to ensure trading, clearing, and related systems can handle the anticipated demand and market activity. One report characterizes these internal preparations as including stress testing of market infrastructure and organizing watch parties to monitor conditions as the IPO approaches. Another report similarly describes the behind-the-scenes technical work required to support a debut that draws widespread attention from investors. The coverage does not provide figures for the stress test scenarios or confirm specific subscriber outcomes, but it emphasizes that the primary near-term priority for market operators is operational stability on the first day of trading. The reports collectively indicate the IPO’s timing and that institutions are actively coordinating to manage the expected scale and volatility of the event.