SpaceX IPO subscription draws 2,500billion dollars, far exceeding the offering of 750billion dollars

Approximately 2,500billion dollars in investor demand has poured into SpaceX’s IPO offering. SpaceX initially proposed an offering of 750billion dollars. The company is pursuing a plan to allocate a substantial portion of the offered shares to individual investors.

The size of applications was calculated at 3.5times to 4times the planned amount. The market has raised the possibility that this could become the largest IPO in history. The result is reportedly a reflection of investors’ high level of interest.

SpaceX is known to have recorded a significant increase in revenue last year. Starlink’s satellite internet business has been cited as a key pillar in the company’s valuation. The company presented its business value with Starlink at the center.

Investors’ attention is turning beyond the rocket-launch business toward satellite communications and future artificial intelligence infrastructure. SpaceX presented a vision for building computing infrastructure in orbit, calling it a “space AI data center,” while highlighting the burden of power and cooling costs at ground-based data centers. The company included this vision in its listing materials.

Market participants are reported to view the listing as a major factor in this year’s IPO market. It has been reported that strong demand for SpaceX’s public offering shows that investment demand for technology companies remains strong. Specific allocation ratios and the schedule related to the listing are expected to be disclosed later.