SpaceX has already received orders for more than the shares available in its $75 billion initial public offering, according to people familiar with the matter, putting the company on the verge of setting the record for the biggest-ever listing.
The IPO for Elon Musk’s rocket, satellite and artificial intelligence company is oversubscribed after one-on-one meetings between the company and institutional investors, one of the people said, asking not to be identified as the information isn’t public. The Starbase, Texas-based company is offering about 555.6 million shares at $135 each in a deal that could value it at roughly $1.8 ...
