SpaceX IPO Attracts $150 Billion in Demand, Touts $23 Trillion AI Space Market

SpaceX has drawn about $150 billion in indications of interest for its initial public offering, roughly double the $75 billion it aims to raise, people familiar with the matter said, signaling robust appetite ahead of what would be the largest IPO ever. The demand, while not extraordinary for hot IPOs, remains subject to change before pricing, expected in the week of June 8, 2026, as large institutional investors typically place orders late in the process. During its roadshow, the company highlighted its dominance in orbital payload delivery and Starlink's competitive advantage, while outlining an artificial intelligence opportunity it values at $23 trillion. SpaceX positioned itself as the only entity capable of building AI computing capacity in space, bypassing ground-based infrastructure constraints that, it argued, have caused U.S. power and compute expansion to lag behind China's. The company said lowering launch costs enables it to address "pressing challenges" like connecting over 3 billion unserved people to the internet. The offering of 5.56 million shares at $135 each would value SpaceX at approximately $1.75 trillion, placing it among the world's most valuable public companies.