SpaceX IPO Draws Record $250 Billion Demand

Elon Musk’s SpaceX has attracted over $250 billion in investor demand for its IPO, nearly four times the $75 billion the company plans to raise. The firm is valued at $1.8 trillion and pricing is expected on Thursday, though demand figures can still shift before then as some large institutional investors submit orders late.

Bankers say long-only funds have put in "sizable orders." The surge in demand comes amid market volatility: US tech stocks have tumbled and crypto markets shed more than $180 billion over the past week. Some analysts have suggested selling to raise funds for the SpaceX IPO may be part of the cause.

"I’m seeing this exactly as the classic pre-mega-IPO liquidity squeeze playing out in real time," Bitrue Research Institute research lead Andri Fauzan Adziima said.

United States

spacex, elon musk, ipo, investor demand, 1.8 trillion, valuation, pricing, institutional investors, long-only funds, crypto markets