SpaceX’s highly anticipated initial public offering (IPO) has attracted investor demand of approximately $150 billion, nearly double the $75 billion the company aims to raise, according to sources familiar with the matter. The strong interest highlights investor confidence in Elon Musk’s space and technology company.
Although a two-times oversubscription is considered moderate for some major IPOs, market experts say the demand is impressive given that SpaceX is expected to launch the largest IPO in history. The company is reportedly in the final stages of its marketing process before pricing the offering.
SpaceX is expected to price its IPO next week, with shares set to begin trading shortly afterward. Investor demand may still change before the final allocation of shares is determined.
