TECH NEWS
SpaceX’s $75 billion IPO is massively oversubscribed, with single investors placing $10 billion orders
TL;DR SpaceX’s $75bn IPO is massively oversubscribed, with multiple investors placing $10bn+ individual orders. The offering prices Wednesday at $135/share for a $1.8tn valuation. Morningstar values the company at roughly half that. SpaceX’s initial public offering has attracted institutional orders for multiple times the available