SpaceX's IPO fever is getting crazier as Elon Musk's company reportedly managed to attract over $70 billion in orders from retail investors ahead of its highly anticipated public listing. Canadian job market
The amount shows extraordinary interest from individual investors who want to own shares of the world's most valuable space company.
According to a Bloomberg report, retail investors are expected to receive at least 20% of the shares offered, although the final details of the distribution have not yet been finalized.
What's more surprising, the total demand for SpaceX's IPO has now reportedly exceeded the $250 billion mark.
This figure far exceeds the company's fundraising target of around $75 billion.
If successful, SpaceX's listing will be the largest IPO in the history of the world's stock market. Sahamlokal Malaysia
In comparison, the current record is still held by Saudi Aramco's IPO which raised around $29 billion in 2019.
SpaceX is expected to be listed at a valuation of around $1.75 trillion to $1.8 trillion, placing it among the world's most valuable companies.
This extraordinary success is also seen as proof that Elon Musk's influence is still very strong among retail investors.
Previously, Tesla also benefited from the large support of individual investors who believe in Musk's long-term vision.
However, not everyone is optimistic.
Some analysts have warned that SpaceX's overly high valuation could pose significant risks to investors who buy shares at a premium price.
In fact, there are market observers who believe that SpaceX's share price may have already included too much future growth expectations into its current valuation.
Even so, the unusually high demand shows that market sentiment is still in favor of the company.
Now, Wall Street's attention is focused on SpaceX's first day of trading, which is expected to be one of the most historic moments in the history of modern capital markets.
