SpaceX demand nearly quadruples offering
SpaceX, owned by Elon Musk, has amassed investment requests exceeding $250 billion, making it likely to be the largest initial public offering (IPO) ever. This greatly surpasses the targeted fundraising amount of $75 billion. This demonstrates strong demand for the company, with coverage ranging from 3.5 to four times the planned offering size. The company is still in the marketing phase for the IPO, and the price is expected to be determined after Thursday afternoon.
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