SpaceX (SPCX) received approximately $150 billion in investor orders for its initial public offering. The offering currently doubles the company's initial fundraising target. The company set a goal to raise around $75 billion. This demand positions the aerospace and AI firm for the largest stock market debut in history. The debut will likely surpass Saudi Aramco's 2019 record.
The company plans to offer about 555.6 million shares. Each share costs $135. SpaceX aims for a market valuation of roughly $1.8 trillion.
Final pricing occurs on June 11. The stock begins trading on the Nasdaq exchange on June 12. Shares will trade under the ticker symbol SPCX.