SpaceX IPO Attracts Nearly 4x Oversubscription, Market Turmoil Fails to Dampen Enthusiasm

(Central News Agency, New York, 9th - Combined Foreign Reports) Sources said today that SpaceX has attracted over $250 billion in investor demand, far exceeding the planned $75 billion fundraising target. If successful, it will become one of the largest initial public offerings (IPOs) in history.

Sources indicate that the IPO is oversubscribed by 3.5 to 4 times. Bankers and investors believe this shows extremely strong market demand.

Reuters reported last week that long-only, long-term holding funds have already placed substantial orders. One source revealed that Elon Musk participated in some Zoom video conferences with potential investors.

SpaceX President Gwynne Shotwell and CFO Bret Johnsen are expected to attend a luncheon hosted by Morgan Stanley Co-President Dan Simkowitz today, with approximately 300 institutional investors participating.

However, investment demand could still change before the IPO pricing is finalized on the 11th.

The subscription figures released so far only reflect investor意向, not final allocation results. Sources say large institutional investors typically submit formal orders later in the IPO process. The sources spoke on condition of anonymity as the information is confidential.

SpaceX did not immediately respond to media requests for comment.

The IPO comes amid significant market volatility. The Nasdaq index closed lower today, and last Friday it recorded its largest single-day drop in about a year. Bitcoin also fell 2.8% on the day, down about 37% from its January high.

Some analysts speculate that one reason for the market correction could be that some investors are selling other assets to raise funds for the SpaceX IPO.

In its IPO roadshow presentation and filing documents, SpaceX emphasized the unique advantages of its rocket launch business, stating that it has completed the majority of the total payload weight sent into orbit globally over the past three years. It also highlighted the growth momentum of its satellite internet business, Starlink.

Furthermore, SpaceX claims its artificial intelligence (AI) business will face a market opportunity of up to $23 trillion in the future, and positions itself as the only company capable of breaking through Earth's infrastructure limitations to build AI computing power in space, arguing that future demand for such computing resources will be enormous.

SpaceX believes the United States has fallen behind China in the growth of power generation and computing infrastructure, partly due to cumbersome obstacles facing large-scale construction projects. SpaceX argues that it can use its launch capabilities to deploy data centers and other infrastructure into space to solve these bottlenecks. (Editor: Xu Ruicheng) 1150610