According to sources familiar with the matter, SpaceX attracted approximately $150 billion in subscription demand for its IPO this week, roughly double its $75 billion fundraising target. While not exceptional compared to other major IPOs, the demand underscores strong investor appetite for what would become the largest IPO in history.
During its roadshow, SpaceX highlighted opportunities in rocket launches, satellite networks, and artificial intelligence. The company emphasized its unique position in orbital payload delivery and promoted a $23 trillion market opportunity in AI, claiming it is the only entity capable of deploying data centers and computing infrastructure in space to overcome earthbound limitations. SpaceX plans to price its offering at $135 per share, valuing the company at approximately $1.75 trillion, with final pricing expected next week.