SpaceX's IPO is already four times oversubscribed
Orders for over four times the shares on offer: at $135 each it would be the largest IPO ever.
SpaceX's IPO has already drawn orders for more than four times the shares available. The institutional book closes Wednesday after the Wall Street close; the price is set at $135 per share, for 555.6 million shares and expected proceeds of about $75 billion.
The implied valuation is $1.8 trillion. Pricing is expected in mid-June, with trading on Nasdaq and Nasdaq Texas under the ticker SPCX.
If confirmed, it would be the largest IPO in history, surpassing Saudi Aramco's $29.4 billion listing in 2019.
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