SpaceX IPO Demand Reaches $150 Billion, Double Target, Sources Say

SpaceX has attracted investor demand of approximately $150 billion for its upcoming initial public offering, about twice the $75 billion it plans to raise, people familiar with the matter said on Friday. The company is expected to price the IPO on June 11 and start trading on Nasdaq the following day, June 12. The oversubscription rate, while considered modest for many highly anticipated market debuts, is viewed as robust given the sheer size of the offering, which would be the largest IPO ever. Sources cautioned that the marketing process is in its early stages and investor appetite could still fluctuate before the pricing date. SpaceX declined to comment on the matter.