Investing.com -- SpaceX’s initial public offering has drawn more than $70 billion in orders from retail investors as the company moves closer to completing what could become the largest market debut on record, according to a report from Bloomberg News, citing people familiar with the matter.

Individual investors are set to receive at least 20% of the available shares, the people said. Based on the planned $75 billion IPO size, this allocation would leave most retail demand unmet, according to calculations.

The rocket, satellite and artificial intelligence company has received orders from approximately 1,000 institutional investors, some of the people said.

The offering terms are expected to remain unchanged at $135 per share for 555.6 million shares, some of the people said. The deal would raise about $75 billion and value SpaceX at around $1.8 trillion based on outstanding shares in its filings.

SpaceX plans to allocate less than 10% of IPO shares to international orders, some of the people said. Japan’s allocation was raised to $2.5 billion from $2 billion earlier this month.