SpaceX IPO Sees Strong Demand, Reaching 3.5 to 4 Times Target

SpaceX has attracted investment demand reaching 3.5 to 4 times its target in its initial public offering (IPO), Reuters reported on June 9 (local time), citing multiple sources.

The sources stated that current investment demand exceeds $250 billion.

SpaceX aims to raise $75 billion in this offering.

One source noted that long-term investment funds have placed orders of significant size.

As some large institutional investors tend to subscribe at the last minute, the total subscription volume could increase further when finalized on the afternoon of June 11.

SpaceX plans to issue 555,555,555 shares of Class A common stock in this offering.

In an unusual move, the company has set the offering price at $135 per share.

However, the offering price remains subject to change.

This SpaceX IPO is expected to be the largest in history in terms of both the amount raised and market capitalization.

SpaceX is scheduled to be listed on the U.S. Nasdaq on June 12.

(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.