SpaceX is about to go public, and apparently every investor on the planet wants in. The company’s planned $75 billion initial public offering has attracted roughly $350 billion in bids from eager investors, representing an oversubscription ratio that makes most hot IPOs look like a quiet afternoon at a yard sale.
The Elon Musk-led aerospace company plans to list on Nasdaq under the ticker SPCX on June 12, 2026, pricing shares at $135 each. At that price, SpaceX would sell approximately 555.6 million shares and emerge with a post-IPO valuation somewhere between $1.75 trillion and $1.8 trillion. For context, that would make it the largest IPO in history, comfortably surpassing Saudi Aramco’s record-setting 2019 debut.
The numbers behind the frenzy
With $350 billion in bids chasing $75 billion in shares, the vast majority of investors who placed orders will walk away empty-handed.
The public float is targeted at approximately 4% of the company. That’s a deliberately thin slice of equity hitting the open market, which creates a classic supply-demand imbalance.
