SpaceX Closes IPO Order Books Wednesday at 4 p.m. as Demand Oversubscribes Record Listing
Updated
Updated · Bloomberg · Jun 8
SpaceX Closes IPO Order Books Wednesday at 4 p.m. as Demand Oversubscribes Record Listing
3 articles · Updated · Bloomberg · Jun 8
Summary
Institutional order books for SpaceX’s IPO are set to close Wednesday after the New York market shuts at 4 p.m., with banks ending allocations earlier in the process.
The cutoff comes as the offering is already well oversubscribed, according to people familiar with the matter, signaling demand strong enough to support a potentially record-setting debut.
Banks leading the sale are handling orders for Elon Musk’s rocket, satellite and artificial intelligence company, whose listing is shaping up as one of the market’s biggest tests of investor appetite.
With billions in losses, can SpaceX's sci-fi vision justify its record-breaking IPO valuation?
How will public markets affect a company so vital to US national security?
SpaceX’s $1.75 Trillion IPO: Unprecedented Valuation, Investor Frenzy, and the High-Stakes Future of Space and AI
Overview
SpaceX’s IPO, set for June 11-12, 2026, is expected to be a record-breaking event in both financial and space industry history. The company is entering public markets with an extraordinary $1.75 trillion valuation, reflecting a bold bet on its future growth in areas like satellite communications, advanced launch services, and AI infrastructure. Despite this high valuation—about 90 to 110 times its trailing sales—SpaceX continues to report losses. Investors are drawn by the company’s potential, driving overwhelming demand for shares, even as the risks and ambitious expectations remain clear.