SpaceX's IPO has attracted over $250 billion in investment demand

According to a report by Reuters, SpaceX, owned by Musk, has attracted over $250 billion in investment demand for its IPO, with an oversubscription multiple of 3.5 to 4 times, far exceeding its planned fundraising scale of $75 billion. Long-term funds have submitted large subscription orders, and Musk himself briefly attended some investor Zoom roadshow meetings.

SpaceX President Gwynne Shotwell and CFO Bret Johnsen attended an institutional investor luncheon hosted by Morgan Stanley in Manhattan on Tuesday, meeting with about 300 institutional investors. The IPO pricing is expected to be completed by Thursday afternoon. SpaceX emphasized three major growth engines in its roadshow materials: Starlink, AI, and space data centers, stating that the potential market size for its AI business could reach $23 trillion. The company indicated that by deploying data centers in space, it could overcome the capacity limitations of ground infrastructure and fill the computing power gap in the United States.

This IPO is taking place during a period of high market volatility, with the Nasdaq index recording its largest single-day drop in over a year on Friday, and Bitcoin having fallen 37% from its January peak. Some analysts believe that investors selling other assets to participate in the SpaceX IPO may be one of the reasons for the recent market correction.