SpaceX is about to go public, and the world’s investors are tripping over each other to get in. Orders for the company’s initial public offering have surpassed $250 billion against a $75 billion raise, making it roughly 3.5 to 4 times oversubscribed.
That would make it the largest IPO in history, dethroning Saudi Aramco’s 2019 record. And a significant chunk of that demand is coming from outside the United States.
A global scramble for shares
European investors, particularly from Germany and France, have placed substantial orders. Gulf sovereign wealth funds are in the mix too, alongside buyers from Singapore and South Korea.
Several individual institutions reportedly submitted orders exceeding $10 billion each.
