SpaceX IPO Attracts $250 Billion in Investor Demand, Oversubscribed Nearly 4x
By
Antonio Pequeño IV
Lightly browned and well buttered. A solid pick from the rack.
Summary
SpaceX's planned IPO, seeking to raise $75 billion by selling 555.6 million shares at $135 per share (valuing the company at ~$1.77 trillion), has reportedly attracted over $250 billion in investor demand — nearly four times the shares on offer. Long-term investors have placed sizable orders, according to Reuters sources, as the company continues marketing its historic public offering.
Key quotes
· 3 pulledThe Musk owned company is slated to sell about 555.6 million shares for $135 per share, which would raise roughly $75 billion and value the company somewhere around $1.77 trillion.
Investors want more than what is being offered, according to Reuters, which cited unnamed sources familiar with the matter who said there is more than $250 billion in investor demand, which creates an oversubscription rate nearly four times the planned offering.
Sizable orders have been made by long-term investors, the sources told Reuters, noting SpaceX is still marketing its IPO as its president, G
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