Reuters reported on June 9, 2026 that SpaceX has drawn more than $250 billion in investor demand for its planned IPO, per people familiar with the matter, against a target raise of $75 billion at $135 per share on Nasdaq under ticker SPCX. The oversubscription rate is running at three and a half to four times the planned offering size, according to sources cited by Reuters. Long-only funds submitted what one source described as sizable orders, and Elon Musk briefly joined Zoom meetings with prospective investors. SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended a Morgan Stanley-hosted lunch in midtown Manhattan on June 9 with approximately 300 institutional investors; final pricing is scheduled for June 11, with trading expected to begin June 12.

The $250 billion demand figure, sourced to people familiar with the matter and not confirmed by SpaceX directly, represents indicated interest rather than committed allocations. The all-primary structure of the deal means all proceeds flow to SpaceX, with existing shareholders including Musk subject to a 366-day lock-up per Fortune's earlier reporting. At the fixed $135 offer price, the implied valuation of approximately $1.75 trillion sits well above Morningstar's independent $780 billion estimate, which is based on the core launch and Starlink businesses. The scale of the book relative to the float creates a mechanical allocation constraint: institutional buyers receiving partial fills may generate secondary-market demand at open, while the lock-up structure limits near-term supply.