SpaceX IPO investor demand has surpassed $250 billion, with oversubscription of approximately four times

Odaily Planet Daily News: Investor demand for SpaceX's initial public offering has exceeded $250 billion, higher than the $75 billion the company plans to raise, with an oversubscription rate of approximately three and a half to four times the planned offering size.

SpaceX President Gwynne Shotwell and Chief Financial Officer Bret Johnsen attended a lunch hosted by Morgan Stanley in Manhattan on Tuesday, meeting with approximately 300 institutional investors. Elon Musk briefly participated in some Zoom investor meetings during the roadshow. Investor demand may still change before the IPO pricing, which is expected to take place on Thursday afternoon. (Reuters)