SpaceX is attempting to raise $75 billion in what would be the largest initial public offering ever conducted, and the demand appears to be wildly outpacing supply. Reports suggest institutional and retail interest has reached roughly $150 billion, making the offering at least twice oversubscribed, with social media chatter pushing that figure as high as $250 billion, or nearly four times the shares available.
The company is targeting a valuation between $1.75 trillion and $1.8 trillion.
The numbers behind the frenzy
SpaceX filed confidentially for the IPO in April and May, with a fixed share price of $135. The company updated its prospectus in early June and is targeting a trading debut around June 12 on Nasdaq under the ticker SPCX.
The confirmed demand of around $150 billion already makes this an extraordinary event. The $250 billion figure circulating on social media remains unverified.