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SpaceX IPO Is Said to Be More Than Four Times Oversubscribed
SpaceX's massive initial public offering is oversubscribed by more than four times, pricing at $135 per share.
What: SpaceX is offering 555.6 million shares at $135 each, trading under the symbol SPCX on Nasdaq and Nasdaq Texas.
Why it matters: The high demand signals significant institutional appetite for space infrastructure despite the volatility typically associated with the sector.
Original article
The demand for SpaceX's initial public offering is more than four times the shares available. SpaceX's IPO is set to price today and trade tomorrow. It is offering 555.6 million shares at a fixed price of $135 each. The IPO is expected to rank as the biggest ever. Shares in the company will trade on Nasdaq and Nasdaq Texas under the symbol SPCX.
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