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SpaceX draws $250 billion in investor demand for record IPO, and crypto markets may feel the squeeze

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SpaceX draws $250B in investor demand for record IPO, and crypto markets may feel the squeeze.

The space company's offering is oversubscribed nearly 4x, with reports suggesting Bitcoin holders are liquidating to get in on the action.

Key facts

Summary

SpaceX is about to pull off what might be the most oversubscribed IPO in modern history. SpaceX has priced its shares at $135 each, implying a company valuation somewhere between $1.75 trillion and $1.8 trillion. Trading is set to begin on June 12, 2026, under the ticker SPCX. Approximately 30% of shares are being reserved for retail investors.

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