SpaceX IPO Attracts $150 Billion Subscription Demand, Double Fundraising Target

According to insiders, SpaceX attracted approximately $150 billion in subscription demand for its initial public offering this week, double its $75 billion fundraising target. The company is set to price the offering next week at $135 per share, valuing it at $1.75 trillion.

During roadshow presentations, SpaceX pitched investors on a $23 trillion AI market opportunity, positioning itself as the only company capable of deploying data centers and computing infrastructure in space. The company claimed it can address bottlenecks in U.S. computing capacity expansion through space-based solutions.