What Happened
Investor Interest Surges For Largest Ever IPO Amid Market Volatility
Elon Musk’s SpaceX has drawn over $250 billion in investor demand for its upcoming IPO, more than three times the $75 billion the company aims to raise, according to sources familiar with the matter. The deal’s oversubscription rate is running high, with long-only funds placing sizable orders. SpaceX remains in the midst of its marketing process, with IPO pricing expected on Thursday. This development was reported by Reuters.