Reuters: SpaceX's IPO has attracted over $250 billion in investment demand

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BlockBeats News, June 10, according to Reuters. Musk’s SpaceX IPO has attracted more than $250 billion in investment demand, with an oversubscription ratio of 3.5 to 4 times, far exceeding its planned fundraising size of $75 billion. Long-term funds have submitted large subscription orders, and Musk himself also briefly attended some investors’ Zoom roadshow sessions.

On Tuesday, SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen attended an institutional investors’ lunch hosted by Morgan Stanley in Manhattan, meeting with about 300 institutional investors. IPO pricing is expected to be finalized this Thursday afternoon.

In its roadshow materials, SpaceX highlighted three key growth engines—Starlink, AI, and space data centers—and said the potential market size for its AI business could reach $23 trillion. The company stated that by deploying data centers in space, it can break through capacity limits of terrestrial infrastructure and help close the U.S. computing power gap.

This IPO is taking place during a period of high market volatility. On Friday, the Nasdaq index recorded its largest single-day drop in more than a year, and Bitcoin has already fallen 37% from its January high. Some analysts believe that investors selling other assets to participate in the SpaceX IPO is one of the reasons for the recent market pullback.

NAS100-2.48%
BTC-3.23%
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