SpaceX IPO investor demand has exceeded $2,500 billion, with the offering reportedly oversubscribed by approximately four times

Odaily Planet Daily News: Investor demand for SpaceX’s first public offering has exceeded $250 billion, surpassing the company’s planned fundraising of $75 billion, with an oversubscription rate of roughly three and a half to four times the planned offering size.

On Tuesday, SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a luncheon hosted by Morgan Stanley in Manhattan, meeting with about 300 institutional investors. During the roadshow, Elon Musk briefly joined some Zoom investor meetings. Investor demand may still change before IPO pricing, which is expected to take place on Thursday afternoon. (Reuters)

Earlier reports said SpaceX will hold a three-day, closed-door analyst conference in the United States this week, pitching its business and strategy to Wall Street institutions in preparation for a potential IPO. Insiders said the company’s target is to raise about $75 billion, with a valuation that could be as high as $1.75 trillion, with the earliest plan to list as soon as June.

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