According to Reuters on June 9, demand for SpaceX's IPO, led by Elon Musk, has exceeded $250 billion. Institutional investors, particularly those with a long-term holding strategy, are increasing their orders ahead of what is expected to be the largest IPO in history.
SpaceX aims for a valuation of approximately $1.75 trillion in this IPO. The final offering price will be determined on June 11, with trading on the Nasdaq set to begin on June 12.
CEO Elon Musk reportedly participated briefly in a video conference with some potential investors. Gwynne Shotwell, president of SpaceX, and Brett Johnson, chief financial officer, are scheduled to meet with around 300 institutional investors at an event at Morgan Stanley's headquarters in Manhattan on the same day.
However, the current demand figures are not final subscription results. They represent the amount investors have expressed a willingness to invest. The actual allocation of shares will be determined after the offering price is set. Major institutional investors may place orders at the last minute or adjust existing orders, which could alter the final demand.
SpaceX did not immediately respond to a request for comment from Reuters.
* This article has been translated by AI.
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