SpaceX IPO demand has exceeded $250 billion, with oversubscription reaching approximately four times.

CoinFeed reported on June 10th that, according to Reuters, investor demand for SpaceX's initial public offering (IPO) has exceeded $250 billion, far surpassing the company's planned $75 billion, representing an oversubscription rate of approximately three and a half to four times the planned offering size. SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a luncheon hosted by Morgan Stanley in Manhattan on Tuesday, meeting with approximately 300 institutional investors. Elon Musk briefly participated in some Zoom investor meetings during the roadshow. Investor demand may still change before IPO pricing, which is expected to take place on Thursday afternoon. It is worth noting that the subscription intention data reflects investor sentiment rather than final allocation; some large institutional investors tend to submit orders later in the IPO process.