SpaceX IPO Oversubscribed 2x with $150 Billion in Indicative Demand

SpaceX’s hotly anticipated initial public offering (IPO) has drawn roughly $150 billion in indicative investor demand, about twice the amount it aims to raise, according to two people familiar with the matter. The record-breaking subscription demonstrates strong appetite for the space exploration company. However, the people cautioned that the deal remains in its early roadshow phase. Large institutional investors typically submit formal orders only at the tail end of the book-building process, so current figures represent non‑binding indications of interest rather than final allocations. The actual number of shares each investor will receive will be determined when the deal is priced.