SpaceX IPO demand exceeds $250 billion, oversubscribed by nearly four times

According to Reuters, investor demand for SpaceX's initial public offering has exceeded $250 billion, far exceeding the planned fundraising of $75 billion, with an oversubscription rate of approximately three and a half to four times. SpaceX President Gwynne Shotwell and CFO Bret Johnsen met with about 300 institutional investors in Manhattan on Tuesday, with Elon Musk briefly attending some Zoom meetings during the roadshow. The IPO pricing is expected to take place on Thursday afternoon, and subscription intention data may change before the pricing. Some large institutional investors tend to submit orders later on.