SpaceX IPO reportedly sees significant oversubscription

Golden Ten Data reported on June 9 that, according to foreign media, sources say SpaceX's initial public offering (IPO) has been heavily oversubscribed, as market demand for this potentially record-setting listing intensifies. According to insiders, the lead underwriters for this offering are expected to stop accepting subscription applications from institutional investors after 4 p.m. New York time on Wednesday. Closing the book will allow banks time to assess demand and provide pricing advice to the company. SpaceX's IPO is expected to be priced on June 11 and begin trading the following day. The company will issue 555.6 million shares at a price of $135 per share, planning to raise about $75 billion, with a company valuation of approximately $1.8 trillion. After Wednesday's deadline, retail investors can still submit subscription orders for SpaceX shares on some platforms. Previous reports stated that up to 30% of the shares offered this time will be allocated to retail investors.