SpaceX’s record-breaking IPO has attracted about US$150 billion in investor demand, roughly twice the US$75 billion the company aims to raise, underscoring strong appetite for what is set to become the world’s largest IPO.
Reuters reported that sources familiar with the offering said the current oversubscription rate stands at about two times, a notable achievement given the unprecedented size of the share sale.
Demand remains preliminary and could change before pricing next week, with large institutional investors often submitting orders late in the process.
The Elon Musk-led space and technology giant has spent the week pitching investors on what it describes as a gateway to trillions of dollars in future markets spanning rocket launches, satellite internet and artificial intelligence (AI).
During its roadshow, SpaceX highlighted its dominant position in the global launch market and the rapid growth of its Starlink satellite broadband business. The company also outlined an ambitious vision for AI infrastructure in space, claiming a potential US$23 trillion market opportunity and arguing that space-based data centres could help overcome constraints facing terrestrial computing capacity.
Investor enthusiasm has been buoyed by SpaceX’s unique business model and growth prospects.
While the subscription figures remain indicative rather than final, the early response suggests strong confidence in SpaceX’s long-term ambitions as it prepares for one of the most closely watched stock market debuts in history.
