𝗦𝗽𝗮𝗰𝗲𝗫 𝗜𝗣𝗢 𝗢𝗿𝗱𝗲𝗿𝘀 𝗧𝗼𝗽 $𝟭𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗟𝗶𝘀𝘁𝗶𝗻𝗴

𝗦𝗽𝗮𝗰𝗲𝗫 𝗜𝗣𝗢 𝗢𝗿𝗱𝗲𝗿𝘀 𝗧𝗼𝗽 $𝟭𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗟𝗶𝘀𝘁𝗶𝗻𝗴

SpaceX has received more than $10 billion in orders from institutional investors for its initial public offering. Banks managing the sale plan to stop accepting institutional orders after US markets close on Wednesday.

• The company will price the IPO on June 11. Trading starts June 12 on Nasdaq and Nasdaq Texas under the ticker SPCX.
• SpaceX is offering 555.6 million shares at $135 each. The sale is expected to raise about $75 billion and value the firm at roughly $1.8 trillion.
• Demand has exceeded the number of shares available.

Morgan Stanley hosted about 300 institutional investors at its New York headquarters on Tuesday. Senior SpaceX executives including President Gwynne Shotwell and Chief Financial Officer Bret Johnsen attended the meetings.

SpaceX recently announced a cloud services agreement with Google. The tech giant will pay $920 million per month through 2029. The company disclosed a similar deal with AI startup Anthropic.

If successful, the listing would surpass Saudi Aramco's $29.4 billion IPO in 2019.

• Up to 30 percent of the offering is set aside for retail investors.
• Select brokerage platforms remain open to individual investors past the institutional deadline.
• High demand means retail investors might receive fewer shares than requested.