Retail traders have submitted over $100 billion in orders for SpaceX stock ahead of its initial public offering (IPO), setting new investor demand records, as reported by Bloomberg. BlackRock is expected to purchase at least $5 billion worth of shares, with retail demand reflecting over $70 billion. SpaceX plans to price shares at $135 each and is set to go public on Friday.
Senator Elizabeth Warren has called for a delay in the IPO, citing concerns over SpaceX’s governance and valuation transparency, particularly Elon Musk’s substantial control over the company. Analysts have expressed skepticism about SpaceX’s projected valuation and revenue figures, prompting warnings that the stock may be overvalued.
The IPO aims to raise around $75 billion, potentially valuing SpaceX at $1.77 trillion. Despite substantial funding interest, analysts predict long-term volatility due to Musk’s influence and question the sustainability of financial expectations.
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