SpaceX IPO Draws More Than $70 Billion in Retail Orders
Bloomberg • • general
Key Points:
- SpaceX's initial public offering (IPO) has garnered over $70 billion in orders from retail investors, sources familiar with the matter reveal.
- Retail investors are anticipated to receive at least 20% of the available shares in the IPO.
- With a potential IPO valuation of $75 billion, the offering could become the largest on record.
- The high demand from individual investors means many will likely receive fewer shares than requested.