SpaceX IPO Said to Be Several Times Oversubscribed in $75 Billion Offering
SpaceX's initial public offering was reported Tuesday to be several times oversubscribed, indicating demand has moved above the roughly twice-covered level cited when the company began meeting investors last week. SpaceX is targeting a valuation of about $1.77 trillion and plans to raise $75 billion, which would make the deal the largest IPO on record if completed on those terms.
The roadshow began Thursday, when earlier reports said the sale had already attracted about $150 billion of orders, or roughly twice the shares available. Pricing had been expected on June 11, with Nasdaq trading the next day, so the latest indication suggests investor demand is continuing to build into the final stretch of the offering.
From the sources (11 posts)
@polymarketmoneyNEW IN: SpaceX is now projected to trade at a $2,000,000,000,000+ valuation.
@stocksavvyshayBillionaire investor Ron Baron says he placed a $1B order for $SPCX IPO shares and has no plans to sell in his lifetime. He believes SpaceX can grow to ~$20T over the next 10-15 years with Starlink alone potentially doing $1T in annual rev
@unusual_whalesSpaceX began meeting with investors on Thursday in its IPO roadshow. Read more:
@sawyermerrittThe 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
@sawyermerrittHere'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_roofRT @SawyerMerritt: The Ontario Teachers’ Pension Plan is sitting on a potential windfall of as much as $11.6 billion from an initial invest…
@stevesiRT @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
@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