SpaceX IPO investor demand has exceeded $250 billion, with oversubscription approximately fourfold

Odaily reported that investor demand for SpaceX's initial public offering has surpassed $250 billion, higher than the company's planned fundraising target of $75 billion, with oversubscription reaching approximately three and a half to four times the planned offering size.

SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a lunch hosted by Morgan Stanley in Manhattan on Tuesday, meeting with roughly 300 institutional investors. Elon Musk briefly joined 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)