SpaceX IPO Draws $70 Billion in Retail Orders as $75 Billion Deal Nears Pricing
SpaceX’s initial public offering has attracted more than $70 billion of orders from retail investors ahead of pricing on June 11, according to people familiar with the matter, with that group expected to receive at least 20% of the shares on offer. The company is seeking to raise about $75 billion at a valuation of roughly $1.8 trillion, and overall demand has already exceeded four times the available shares, putting the transaction on course to be the largest IPO on record.
That retail demand is already showing up elsewhere in markets. Vanda Research data indicate three straight days of net selling in semiconductor and AI-linked stocks as traders raise cash for the deal, while the listing also tests Nasdaq’s strategy of using the Nasdaq-100 to attract listings and steer billions of investor dollars toward companies on its exchange. Pricing is expected later on June 11, with trading set to begin June 12.
From the sources (25 posts)
@deitaone$SPCX - SPACEX'S IPO WAS REPORTEDLY SEVERAL TIMES OVERSUBSCRIBED
@financialjuiceSpaceX's IPO is said to be multiple times oversubscribed.
@firstsquawkSPACEX'S IPO IS REPORTEDLY MULTIPLE TIMES OVERSUBSCRIBED.
@stockmktnewzSPACEX'S IPO IS REPORTEDLY "SEVERAL TIMES" OVERSUBSCRIBED
@businessSpaceX’s IPO has attracted demand from institutional investors for multiple times the available shares, according to people familiar with the matter
@deitaone$SPCX - SPACEX IPO SEES STRONG INSTITUTIONAL DEMAND SpaceX’s IPO has attracted demand multiple times the available shares from institutional investors, according to people familiar with the deal. The offering is reported to be well oversub
@exec_sumBREAKING: Numerous institutional investors have placed $10B+ orders in SpaceX's $75B IPO The IPO is multiple times oversubscribed with order books set to close on Wednesday
@financialjuiceInvestor demand for SpaceX IPO approaches four times oversubscribed - sources
@polymarketmoney$SPCX IPO IS APPROACHING 4X OVERSUBSCRIBED
@firstsquawkINVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES
@stocksavvyshay$SPCX IPO is reportedly 4x oversubscribed with more investor orders than shares available. SpaceX is targeting a ~$1.8T valuation when it goes public on Friday.
@tradfi*SPACEX IPO HAS DRAWN MORE THAN $250B OF INVESTOR DEMAND VS $75B RAISE TARGET
@deitaoneINVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES
@stockmktnewzTHE SPACEX $SPCX IPO IS REPORTEDLY APPROACHING 4X OVERSUBSCRIBED
@reutersExclusive: Elon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, said people familiar with the matter, dwarfing the $75 billion the firm is seeking to raise
@gurgavin*SPACEX IPO HAS DRAWN MORE THAN $250B OF INVESTOR DEMAND VS $75B RAISE TARGET 3.3X OVER SUBSCRIBED SO FAR NOT BAD $SPCX
@unusual_whalesElon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, per Reuters
@exec_sumBREAKING: The SpaceX IPO is over 3.3x oversubscribed after drawing more than $250B in demand Order books are set to close tomorrow
@unusual_whalesSpaceX IPO already 4x oversubscribed, per Reuters
@reutersExclusive: SpaceX IPO demand is approaching four times oversubscribed, source says
@exec_sumBREAKING: Senator Elizabeth Warren urges the SEC to delay SpaceX's IPO, citing valuation, governance and index risks for retail investors.
@deitaoneWARREN CALLS TO BLOCK SPACEX IPO Sen. Elizabeth Warren urged the SEC to halt SpaceX’s IPO, citing governance risks, Elon Musk’s control, and potential foreign—especially Chinese—investment concerns. She also highlighted SpaceX’s role as a
@scottmelkerJUST IN: SENATOR ELIZABETH WARREN CALLS ON SEC TO DELAY SPACEX IPO
@kalshiJUST IN: Elizabeth Warren urges the SEC to halt SpaceX IPO
@yahoofinanceElizabeth Warren wants the SEC to pump the brakes on the SpaceX IPO.