Investor demand exceeds $250 billion for SpaceX’s planned $75 billion IPO, implying an oversubscription of 3.5‑4 times the offering size.
Long‑only funds have placed sizable orders; Elon Musk participated in Zoom calls with potential investors, and senior executives hosted an institutional lunch at Morgan Stanley in Manhattan.
SpaceX emphasizes a $23 trillion market opportunity for future artificial‑intelligence services, leveraging space‑based compute capacity.
Final pricing is scheduled for Thursday afternoon; allocations remain tentative as large institutional investors may submit orders later in the process.
