SpaceX IPO draws over $70 billion in retail investor orders

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.

You May Also Be Interested In

• SpaceX bond sale draws $89 billion in investor demand
• Popular stocks with increasing option volume: SPCX MU INTC NFLX PLTR SOFI MSTR AMC IBM SMCI HOOD
• Doncasters Group IPO expected to price at top of range