SpaceX’s IPO is reportedly heavily oversubscribed. Lead underwriters expect to
stop taking institutional orders after the New York market close at 4:00pm ET on
Wednesday to assess demand and advise on pricing. The deal is set to price on
June 11 and begin trading June 12. The company will offer 555.6 million shares
at $135 each, raising about $75bn and implying an equity value near $1.8tn.
Retail investors may still submit orders on some platforms after the Wednesday
cutoff; up to 30% of the offering is reportedly reserved for retail.