SpaceX’s $75 Billion IPO Draws More Than 4x Demand as Warren Seeks Delay

businessstocks 62 posts · 28 accounts

SpaceX’s initial public offering has attracted demand for more than four times the shares available ahead of its expected Friday debut, according to people familiar with the matter. The company is seeking to raise about $75 billion at a valuation of roughly $1.8 trillion, which would make it the largest-ever IPO if completed on those terms.

SpaceX is also telling investors it has lined up investment-grade ratings from Moody’s Ratings, Fitch Ratings and S&P Global Ratings to support post-IPO financing, though all three agencies have publicly said they have not issued ratings. Senator Elizabeth Warren has asked SEC Chair Paul Atkins to delay the offering over valuation and governance concerns, while Nasdaq’s index rules could drive roughly $8.5 billion of buying within days of the listing; Reuters separately reported the SEC declined to comment on the company’s share structure.

From the sources (25 posts)

@sawyermerritt

The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial investment of about $300 million into @SpaceX in 2019. This would make it the single most successful investment the pension p

@sawyermerritt

Here's the announcement that the Ontario, Canada Teachers' Pension Plan made in 2019 when they invested $300M into @SpaceX, which at the target IPO valuation of $1.75T would be worth $11.6B: "SpaceX is the world’s leading private space lau

@katie_roof

RT @SawyerMerritt: The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial invest…

@stevesi

RT @SawyerMerritt: The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial invest…

@deitaone

$SPCX - SPACEX'S IPO WAS REPORTEDLY SEVERAL TIMES OVERSUBSCRIBED

@financialjuice

SpaceX's IPO is said to be multiple times oversubscribed.

@firstsquawk

SPACEX'S IPO IS REPORTEDLY MULTIPLE TIMES OVERSUBSCRIBED.

@stockmktnewz

SPACEX'S IPO IS REPORTEDLY "SEVERAL TIMES" OVERSUBSCRIBED

@business

SpaceX’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_sum

BREAKING: 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

@financialjuice

Investor demand for SpaceX IPO approaches four times oversubscribed - sources

@polymarketmoney

$SPCX IPO IS APPROACHING 4X OVERSUBSCRIBED

@firstsquawk

INVESTOR 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

@deitaone

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

@stockmktnewz

THE SPACEX $SPCX IPO IS REPORTEDLY APPROACHING 4X OVERSUBSCRIBED

@reuters

Exclusive: 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_whales

Elon Musk's SpaceX has drawn more than $250 billion of investor demand for what stands to be the largest-ever IPO, per Reuters

@exec_sum

BREAKING: The SpaceX IPO is over 3.3x oversubscribed after drawing more than $250B in demand Order books are set to close tomorrow

@unusual_whales

SpaceX IPO already 4x oversubscribed, per Reuters

@reuters

Exclusive: SpaceX IPO demand is approaching four times oversubscribed, source says

@exec_sum

BREAKING: Senator Elizabeth Warren urges the SEC to delay SpaceX's IPO, citing valuation, governance and index risks for retail investors.

SpaceX’s $75 Billion IPO Draws Demand for More Than Four Times Shares Offered SpaceX Prices Biggest-Ever U.S. IPO at $135 a Share, Raising $75 Billion