SpaceX is about to become the biggest IPO the world has ever seen, and the demand is so intense it’s starting to pull liquidity out of crypto markets.
The company is targeting a $75 billion raise at $135 per share, which would value Elon Musk’s rocket venture somewhere between $1.75 trillion and $1.8 trillion. Demand for those shares has reportedly ballooned to as high as $250 billion, making the offering nearly four times oversubscribed.
The numbers behind the frenzy
Some estimates, citing Reuters and Bloomberg, peg confirmed demand closer to $150 billion, which still represents a twofold oversubscription. The higher $250 billion figure comes from additional reporting channels, and while less verified, it signals the sheer gravitational pull this listing has on global capital.
The company is currently conducting its roadshow, with pricing expected around June 11 and trading set to begin June 12, 2026.