SpaceX IPO Investment Demand Exceeds $250 Billion
Odaily Odaily星球日报讯 Elon Musk's aerospace company SpaceX has attracted over $250 billion in investment demand for its IPO, surpassing its planned fundraising target of $75 billion, representing nearly 4x oversubscription, with the company valued at $1.8 trillion. Bankers and investors said long-term funds have submitted large orders; pricing is expected to take place on Thursday, and the demand figure could still change before large institutional investors submit orders.
SpaceX's growth narrative is primarily tied to its satellite internet business, Starlink, which has become a significant source of revenue and profit. The company also stated that the market opportunity for its AI products is $23 trillion.
Cryptocurrency exchanges including Binance, Coinbase, Kraken, and Bybit have listed pre-IPO perpetual futures for SPCX this month. Binance's related product has accumulated a trading volume of $2.1 billion over 18 days since listing, covering over 130 countries. Decentralized exchange Hyperliquid recorded a trading volume of $70 million in the past 24 hours, with open interest exceeding $115 million. (Cointelegraph)
