SpaceX has attracted roughly $150 billion in investor interest for its initial public offering, about twice the $75 billion it aims to raise, according to two people familiar with the situation. A twofold oversubscription is viewed as moderate for many major listings, yet analysts and market participants described the level as notable given that this represents the biggest IPO on record. The company is still early in its investor outreach, and indications of demand could shift ahead of pricing next week. Some large institutions often place orders later in the process, meaning current figures represent preliminary interest rather than final share allocations. The sources spoke on condition of anonymity due to the private nature of the discussions. SpaceX did not reply to a request for comment. Bloomberg earlier reported that the offering had drawn excess demand. This week the company began meetings to highlight how the listing could provide access to vast new opportunities in space launches, satellite internet and artificial intelligence. One hedge fund manager noted that many investors will soon need to justify not holding the stock. Presentations stressed SpaceX’s leading position in orbital launches over the past three years and the growth of its Starlink service. The firm also outlined a potential $23 trillion market for its planned AI capabilities, arguing it alone can overcome terrestrial constraints by placing data centers in orbit. It pointed out that U.S. power generation and computing capacity have trailed China’s partly due to regulatory barriers, and suggested space-based infrastructure could close the gap. The presentation added that lower launch costs now allow the company to tackle global issues such as connecting billions of people to the internet.
