SpaceX IPO Attracts $250 Billion in Orders, Five Times Its $75 Billion Fundraising Goal

SPCX2.61%
According to Reuters, SpaceX's initial public offering attracted over US$250 billion in orders, significantly exceeding the company's US$75 billion fundraising target and positioning the listing as one of the largest public offerings ever. The company is expected to be valued at approximately US$1.75 trillion to US$1.77 trillion. The offering has drawn attention across crypto markets, with analysts warning of potential temporary capital shifts from digital assets. SpaceX perpetual futures contracts have generated over US$2.7 billion in cumulative trading volume and US$385 million in open interest, reflecting strong speculative interest among traders.
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