SpaceX IPO Draws $150 Billion in Orders, Twice Oversubscribed

Demand for SpaceX shares has already reached twice the planned offering size. Orders stand at $150 billion against a $75 billion target, according to people familiar with the process cited by Reuters. The June 12 listing, if completed on schedule, would rank among the largest IPOs ever and value the company at $1.77 trillion.

SpaceX set a fixed price of $135 per share instead of the usual range. It also directed roughly 30 percent of shares toward retail investors through platforms including Robinhood and Charles Schwab, far above the typical 5-to-10 percent allocation. Pricing is set for June 11. A greenshoe option could expand the share count if demand remains elevated.

Oversubscription does not guarantee allocations. Final share distribution occurs only after pricing, and many retail orders may receive only partial fills or none. The fixed-price structure removes one common adjustment tool used in other IPOs to balance supply and demand.

The company has not confirmed the exact retail percentage or final raise amount. Earlier reports described the 30 percent retail target with conditional language such as “up to,” indicating the figure could still shift before the offering closes.