finance
SpaceX Retail Orders Exceed $70 Billion but Will Receive Only 20 % of $75 Billion IPO
Retail investor demand for the SpaceX IPO has reached more than $70 billion, nearly matching the full $75 billion offering and exceeding Saudi Aramco's 2020 record.
Jun 11, 9:09 AM·1m read1 source
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Retail investor orders for the SpaceX IPO have exceeded $70 billion, nearly covering the full $75 billion offering scheduled for Friday. SpaceX announced that 20 percent of the IPO will be allocated to retail investors. The company said the allocation follows through on a plan to broaden participation in the share sale.
4 billion raised by Saudi Aramco in its 2020 IPO, the previous record. @KobeissiLetter reported the order total and the comparison to the Aramco transaction. The same report stated that retail interest alone is sufficient to nearly fill the entire SpaceX offering.
The IPO is set to proceed on Friday.
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