SpaceX will stop taking orders for its initial public offering on Wednesday after United States markets close.
Demand has already reached about $150 billion for a deal seeking $75 billion
The total means the offering is roughly two times oversubscribed. Underwriters now set final allocations and pricing, expected June 11, before Nasdaq trading begins. A Record Listing Takes Shape The sale ranks as the largest IPO on record by the amount raised.
Elon Musk’s rocket and satellite firm filed its paperwork last month. The timeline is now tight. Books close Wednesday, pricing follows on June 11, and SPCX is set to begin trading on the Nasdaq on June 12.