Reuters: SpaceX's IPO Attracts Over $250 Billion in Investment Demand

BlockBeats News, June 10th - According to Reuters, Elon Musk's SpaceX IPO has attracted over $250 billion in investment demand, with an oversubscription ratio of 3.5 to 4 times, far exceeding its planned fundraising of $75 billion. Long-term funds have submitted large subscription orders, and Musk himself briefly attended part of the investor Zoom roadshow.

SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended an institutional investor luncheon hosted by Morgan Stanley in Manhattan on Tuesday, meeting with around 300 institutional investors. The IPO pricing is expected to be finalized this Thursday afternoon.

SpaceX's roadshow materials emphasize three major growth engines: Starlink, AI, and space data centers, with the company stating that the potential market size for its AI business could reach as high as $23 trillion. The company stated that by deploying data centers in space, it can overcome the capacity limitations of ground infrastructure and fill the US computing power gap.

This IPO comes during a period of high market volatility, with the Nasdaq index recording its largest single-day drop in over a year on Friday, and Bitcoin having fallen 37% from its January peak. Some analysts believe that investors selling off other assets to participate in the SpaceX IPO may be one of the reasons for the recent market correction.