SpaceX is about to pull off what might be the most oversubscribed IPO in modern history. The company has attracted over $250 billion in investor demand against a target raise of $75 billion, an oversubscription rate of roughly 3.5 to 4 times.
The biggest IPO you’ll see this decade
SpaceX has priced its shares at $135 each, implying a company valuation somewhere between $1.75 trillion and $1.8 trillion.
Trading is set to begin on June 12, 2026, under the ticker SPCX. The offering is being shepherded by a murderers’ row of Wall Street banks: Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.
Approximately 30% of shares are being reserved for retail investors. That’s an unusually large slice for individual buyers in an IPO of this magnitude. Most offerings of this size funnel the vast majority of allocation toward institutional players, leaving retail crumbs.