SpaceX to Close IPO Order Books Wednesday as Demand Hits $150 Billion

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BeInCrypto Editorial

(04:56 PM UTC)

1 min read

SpaceX will stop taking orders for its initial public offering on Wednesday after United States markets close. Demand has already reached about $150 billion for a deal seeking $75 billion.

The total means the offering is roughly two times oversubscribed. Underwriters now set final allocations and pricing, expected June 11, before Nasdaq trading begins.

A Record Listing Takes Shape

The sale ranks as…

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