SpaceX IPO Reportedly Sparks $250 Billion Investor Rush, Oversubscribed More Than 3.5X

SpaceX's highly anticipated IPO on June 12 has attracted over $250 billion in investor demand, roughly 3.5-4x oversubscribed against its $75 billion fundraising target. The company is expected to be valued at approximately $1.75 trillion, making it one of the largest IPOs ever. However, some critics, including short seller Jim Chanos, question whether the valuation is justified compared to major tech companies at their IPO.