Investor Interest in SpaceX IPO Surpasses $250 Billion, According to Report

Topline

SpaceX’s initial public offering has attracted over $250 billion in investor demand, according to Reuters, far exceeding the $75 billion target and positioning it as one of the most valuable publicly traded companies.

Key Facts

The company, owned by Elon Musk, plans to sell approximately 555.6 million shares at $135 each, targeting about $75 billion in proceeds and a valuation near $1.77 trillion.

Nevertheless, investors are seeking a larger allocation; sources familiar with the situation told Reuters that demand exceeds $250 billion, resulting in an oversubscription rate approaching four times the intended offering.

Long‑term investors have placed sizable orders, Reuters reported, and SpaceX continues to promote the IPO ahead of a Morgan Stanley lunch on Tuesday, where President Gwynne Shotwell and CFO Bret Johnsen are expected to meet roughly 300 investors.

Forbes has requested comment from SpaceX.

What To Watch For

To accommodate the strong demand, SpaceX may issue additional shares or increase the offering price. The IPO is slated for June 12 under the ticker symbol SPCX.

Forbes Valuation

Forbes estimates Elon Musk’s net worth at $792.8 billion as of Tuesday, making him the world’s richest individual. The forthcoming SpaceX IPO could solidify his status as the first trillionaire, and he currently holds 42 % of SpaceX’s common stock.

Key Background

The IPO follows months after SpaceX acquired AI startup xAI, which integrates the X social platform, uniting three of Musk’s ventures. The combined entity aims to lead the AI compute market by deploying data centers in space—technology SpaceX says can process intensive AI workloads more efficiently than terrestrial infrastructure—and plans to launch AI‑focused satellites as early as 2028, per an SEC filing. SpaceX recorded $18.7 billion in revenue last year but remained unprofitable, reporting a $4.9 billion loss.

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