Demand for SpaceX initial offering is four times available shares: report

The offering would raise $75 billion. It would be three times more than that raised by the next highest market debut, Saudi Aramco in 2019, which debuted at $29.4 billion.

By Kevin Killough

Published: June 10, 2026 2:15pm

SpaceX's initial public offering is getting so much attention that banks are expected to stop taking orders from institutional investors when markets close in New York at 4 p.m. on Wednesday.

The IPO has attracted demand for more than four times the shares the company is offering, according to Bloomberg, citing unnamed sources.

SpaceX said last week that it will offer 555,555,555 shares for $135 each. The offering would raise $75 billion. It would be more than double that raised by the next highest market debut, Saudi Aramco in 2019, which debuted at $29.4 billion. The IPO would give SpaceX a market value of $1.77 trillion, which would put it in sixth place in the S&P 500.

The move also puts Elon Musk on track to be the world's first trillionaire. Forbes currently values Musk's net worth at $826 billion. His stake in SpaceX is valued at $542 billion. A $1.77 trillion valuation of SpaceX would boost Musk's worth to an estimated $1.05 trillion.

Bloomberg noted that shares are still being taken, and the situation could change.