SpaceX IPO Draws Over $250B in Institutional Orders, $350B Total Demand
SpaceX's upcoming IPO has reportedly attracted over $250 billion in institutional orders and more than $350 billion in total demand, with 70% of the institutional book allocated to long-only funds and sovereign wealth funds, and 20% of shares set aside for retail investors.
According to a report, SpaceX's initial public offering has generated massive interest from institutional investors, with orders exceeding $250 billion. Total demand across all investor categories is said to surpass $350 billion.
The IPO allocation reportedly reserves 70% of the institutional book for long-only funds and sovereign wealth funds (SWFs), while 20% of the total IPO shares are expected to be offered to retail investors. The strong demand underscores the high market enthusiasm for the private space exploration company's public debut.
Source: First Squawk