Ololade Adeyanju/
Investor demand for SpaceX’s planned initial public offering has surged to more than $250 billion, according to people familiar with the matter, as anticipation intensifies ahead of what could become one of the largest listings in market history.
The figure is nearly four times the $75 billion the company is seeking to raise.
Reuters reported, citing sources, that the IPO is currently running at about 3.5 to four times oversubscribed, reflecting exceptionally strong investor appetite ahead of final pricing expected later this week.
Final allocations will only be confirmed at pricing, meaning demand levels may still change before the deal is completed.
According to Reuters sources, SpaceX executives, including President Gwynne Shotwell and Chief Financial Officer Bret Johnsen, recently met around 300 institutional investors at a Morgan Stanley-hosted lunch in New York as part of the company’s investor roadshow.
Elon Musk also briefly joined some investor meetings via video call, one source said.
The company is promoting its long-term growth strategy, highlighting Starlink satellite internet, its dominant rocket launch business, and future ambitions in artificial intelligence and space-based data centres.
SpaceX has also outlined plans to expand global connectivity through Starlink, targeting billions of unconnected users, while positioning space infrastructure as a platform for next-generation computing.
The IPO comes amid volatile global markets, with weakness in technology stocks and digital assets contributing to broader uncertainty.
Some analysts have suggested liquidity pressures may be influencing investor positioning around large listings, although this has not been confirmed.
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