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The Economic Times

Business

Akash Podishetti

US stocks | SpaceX IPO draws over $70 billion from retail investors ahead of record stock market debut

SpaceX IPO United States Stock Market Elon Musk Nasdaq Starlink

Elon Musk's SpaceX has attracted more than $70 billion in orders from retail investors ahead of its highly anticipated stock market debut, Bloomberg News reported on Thursday. According to the report, individual investors are expected to receive at least 20% of the shares on offer.

The strong retail participation comes ahead of what is set to become the largest IPO in history. SpaceX is scheduled to begin trading on Nasdaq on Friday under the ticker symbol SPCX after pricing its shares at $135 each.

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