SpaceX IPO investor demand has already exceeded $250 billion, approximately four times oversubscribed

Odaily Planet Daily 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 an oversubscription rate of about 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 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 be finalized on Thursday afternoon. (Reuters)