Bloomberg: High demand for SpaceX IPO
Bloomberg reported that SpaceX's initial public offering is experiencing a record-breaking demand, with requests for shares approaching historic levels. The subscription period is expected to close on Wednesday, with share pricing to be announced on June 11 and trading to begin the following day. The offering includes 555.6 million shares priced at $135 each, boosting the total proceeds to approximately $75 billion and valuing the company at around $1.8 trillion. The company is reserving up to 30% of the shares for individual investors. This is one of the largest IPOs ever, surpassing Aramco's offering in 2019.
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