Institutional demand for SpaceX shares reaches $150 billion, nearly double the $75 billion target for its upcoming IPO.
SpaceX’s initial public offering has attracted approximately $150 billion in orders from institutional investors, surpassing its $75 billion fundraising goal by nearly 100%. The oversubscription reflects strong demand ahead of the June 11 pricing and June 12 trading debut on Nasdaq.
The $150 billion figure, based on preliminary interest, could shift before final pricing as large investors often delay commitments. If finalized, the offering would surpass Saudi Aramco’s $29.4 billion IPO in 2019, currently the largest in history. SpaceX has allocated up to 30% of shares for retail investors, a higher proportion than typical IPOs.
Underwriters will now assess demand to determine the final share price. The company’s valuation and investor appetite will be closely watched as a barometer for tech and aerospace markets.