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SpaceX IPO coverage twice
SpaceX plans to raise around $150 billion through its initial public offering, having received investment bids that nearly double the target amount of $75 billion. The demand is considered strong, even though the oversubscription rate is only twice, which is relatively lower compared to major offerings. The offering is expected to be priced on June 11, with the company's shares beginning trading on the Nasdaq exchange the following day.
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