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SpaceX’s (SPCX) long-awaited stock market debut has finally arrived, and judging by the demand, investors have been waiting with their wallets wide open. The company is set to begin trading today after what could become the biggest IPO in Wall Street history. SpaceX plans to sell roughly $75 billion worth of shares, but demand has reportedly blown far past that number. From institutional investors and sovereign wealth funds to family offices and everyday retail traders, nearly everyone seems eager to get a piece of Elon Musk’s aerospace and AI powerhouse.
Retail investors alone reportedly submitted orders totaling more than $70 billion, while large institutions piled on with massive bids of their own. One family office is said to have requested more than $1 billion in stock. That kind of demand suggests there may not be nearly enough shares to satisfy everyone, setting the stage for a potentially explosive first day of trading.
