SpaceX’s record $75 billion IPO oversubscribed fourfold, eclipsing Saudi Aramco’s $29 billion debut as US futures rise.
US equity futures climbed early Friday, with S&P 500 futures up 0.8% and Nasdaq futures gaining 1.3%, recovering from yesterday’s losses. The rebound coincides with investor focus shifting to SpaceX’s blockbuster IPO, set to price at $135 per share for 555.6 million shares, raising $75 billion.
The offering surpasses Saudi Aramco’s 2019 IPO, which raised $29 billion. SpaceX’s debut would value it among the top six US public companies. Demand reportedly exceeds $250 billion, nearly four times the offering size, though allocations may adjust before trading.
Markets remain cautious despite the oversubscription, as the $135 share price reflects a premium for the unchallenged aerospace leader. European equities showed modest relief in early trade, mirroring the US futures uptick.