{"id":1126,"date":"2026-06-05T21:10:50","date_gmt":"2026-06-05T21:10:50","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=1126"},"modified":"2026-06-05T21:10:50","modified_gmt":"2026-06-05T21:10:50","slug":"spacex-ipo-running-at-two-times-oversubscribed-sources-say","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=1126","title":{"rendered":"SpaceX IPO running at two times oversubscribed, sources say"},"content":{"rendered":"
NEW YORK, June 5 (Reuters) – SpaceX (SPCX.O)<\/svg>, opens new tab<\/span> has drawn investor demand of about $150 billion for its IPO, about double the $75 \u200bbillion it is seeking to raise, said two people familiar with the matter on Friday.<\/div>
An oversubscription \u200crate of two times would be considered modest for most highly anticipated market flotations, but bankers and investors said that demand is impressive for the SpaceX offering since it is the largest IPO ever.<\/div>
The company remains in the early \u200bstages of the marketing process, sources cautioned. Investor demand is still subject to change before the \u200bIPO prices next week.<\/div>
The sources added that some large institutional investors tend to \u2060submit orders late in IPO processes, and that current subscription figures reflect indications of interest rather than \u200bfinal allocations, which will be set at pricing.<\/div>
The sources requested anonymity because the matter is confidential. SpaceX \u200bdid not respond to a request for comment. Bloomberg reported on Friday that the IPO was oversubscribed.<\/div>
SpaceX launched a campaign this week to persuade investors that its IPO is a gateway to trillions of dollars in new markets being opened \u200bby its space-launch, internet-connection and AI businesses.<\/div>
“Lots of people will have to explain why they don’t \u200bown it rather than justifying a decision to buy it,” said a hedge fund manager.<\/div>
The roadshow presentation emphasized the uniqueness \u200cof \u2060SpaceX’s rocket-launching business, which it said has accounted for the lion’s share of mass lofted into orbit in the past three years, and the strength of the company’s Starlink internet business.<\/div>
SpaceX also touted a $23 trillion market opportunity it says awaits its artificial intelligence offerings, adding it is the only company that can escape the \u200blimitations of earthbound businesses \u200band use space to \u2060build AI compute capacity that it expects to draw enormous demand in the future.<\/div>
U.S. electricity generation and computer-capacity growth have lagged behind that of China, partly because \u200bof hurdles facing large projects in the U.S., according to SpaceX. The company said that shortfall can \u200bbe remedied \u2060by putting data centers and other infrastructure in space using SpaceX launches.<\/div>
“By dramatically reducing the cost of access to space, we have been able to expand our mission to address some of the Earth’s most pressing \u2060challenges, including \u200bbridging the digital divide by aiming to connect over three \u200bbillion unconnected people to the internet and humanity’s collective knowledge,” SpaceX said in the roadshow presentation.<\/div>