SpaceX IPO reportedly draws demand for over four times available shares

The IPO is scheduled to price on June 11 and begin trading the next day. Space Exploration Technologies Corp. is offering 555.6 million shares at a fixed price of $135 each, aiming to raise approximately $75 billion. The offering would value the company at about $1.8 trillion.

The deal is set to become the largest IPO on record, surpassing Saudi Aramco's $29.4 billion debut in 2019. SpaceX operates in the rocket, satellite and artificial intelligence sectors.

OpenAI filed confidentially for a listing on Monday, following Anthropic PBC last week. The three companies combined could add $3.6 trillion in market value to U.S. exchanges. OpenAI's AI models compete with those from SpaceX's xAI business.

Goldman Sachs Group Inc., Morgan Stanley, Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. are leading the offering, with 18 additional banks participating. Shares will trade on Nasdaq and Nasdaq Texas under the ticker symbol SPCX.

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