SpaceX IPO drew $10 billion in orders ahead of June 12 debut
What's next: The $75 billion offering is due to price June 11, with retail investors eligible for as much as 30% of the deal.
SpaceX's initial public offering was heavily oversubscribed, with institutional investors placing orders for about $10 billion or more of shares ahead of the expected close of the order book on June 10. The company is offering 555.6 million shares at a fixed price of $135 each, a deal that would raise about $75 billion and value the company at roughly $1.8 trillion. The stock is set to price June 11 and begin trading June 12 on Nasdaq and Nasdaq Texas under the symbol SPCX. Demand has also spilled into Asia, where investors unable to access the IPO directly have been buying exchange-traded funds and suppliers tied to Starlink and rocket manufacturing.