#SpaceXIPO

SPACEX'S IPO IS NOW WELL OVERSUBSCRIBED

Banks are closing institutional orders Wednesday at 4 PM ET, per Bloomberg.

It's set to be the biggest IPO ever.

Here's how the deal is shaping up:

- Raising ~$75B (vs Saudi Aramco's $29.4B record from 2019)

- Implied valuation: ~$1.8T

- 555.6M shares at $135 each

- Pricing: June 11. First trade: June 12.

- Ticker: $SPCX on Nasdaq and Nasdaq Texas

- Up to 30% of the offering allocated to retail

- Retail orders still open on some platforms past Wednesday

Recent deals padding the AI story:

- $920M/month compute deal with Google through 2029 (~$30B total)

- Similar compute pact previously disclosed with Anthropic

SpaceX is being marketed as a rocket, satellite, and AI company. A trillion-dollar IPO is 3 trading days away.