SpaceX IPO demand nears fourfold oversubscription, signaling massive investor appetite

Reuters reports SpaceX’s planned IPO has drawn more than $250 billion in investor demand, with the oversubscription running about 3.5 to 4 times the offering size, potentially making it the largest IPO ever. The marketing push includes a New York roadshow with SpaceX executives and bankers, and pricing is expected Thursday afternoon. SpaceX highlights its rocket-launching business, Starlink, and a purported AI opportunity as markets remain volatile and tech equities retreat.