Gotrade News - SpaceX's IPO is drawing record demand, with the order book already exceeding USD 10 billion ahead of pricing. The offering is set at USD 135 per share for 555.6 million shares, targeting roughly USD 75 billion in proceeds.
The deal would value Elon Musk's space venture near USD 1.8 trillion, ranking among the largest listings ever. Strong interest signals investor appetite for high-profile space, satellite, and AI ventures.
Key Takeaways
SpaceX's IPO order book has topped USD 10 billion at a USD 135 share price.
The listing implies a valuation near USD 1.8 trillion, among history's largest.
OpenAI has filed IPO documents with the SEC, eyeing a fall 2026 debut.
SpaceX Demand Builds Toward Debut
The SpaceX order book closes Wednesday after market close at 4:00 PM ET. Pricing is expected June 11, with a trading debut slated for June 12, 2026.
According to Bloomberg Technoz, the heavy demand reflects enthusiasm for Musk's space, satellite, and AI businesses. The expected proceeds of around USD 75 billion would make it a landmark offering.
Wall Street firmed ahead of the listing on Monday. The S&P 500 rose 0.30% to 7,405.73 while the Nasdaq added 0.86% to 25,929.66.
The Dow slipped 0.16% to 50,786.01 as investors positioned around the megadeal. The split performance underscored selective risk appetite into a crowded IPO window.
Investment banks Goldman Sachs (GS) and Morgan Stanley (MS) remain central to the year's largest equity offerings. Both stand to benefit from a heavy 2026 listing pipeline.
As reported by Kabar Bursa, the SpaceX deal ranks among the largest in history at USD 135 per share. Its scale has sharpened focus on broader market timing.
Callie Cox of Ritholtz Wealth Management noted that major offerings historically mark cycle peaks. She questioned whether investor skepticism "can hold when the largest IPO ever happens."
The 555.6 million shares on offer would mark one of the deepest equity sales on record. That supply test will gauge how much capital the market can absorb at once.
OpenAI Files and AI Names Watch Closely
Per Bloomberg Technoz, OpenAI has filed IPO application documents with the US SEC. Goldman Sachs and Morgan Stanley are leading the offering as underwriters.
The Sam Altman-led company is targeting a potential listing in fall 2026, though timing remains flexible. OpenAI said it "hasn't decided on timing" and that staying private longer could ease certain plans.
The filing pairs two of the most closely watched names in technology within a single quarter. Bankers see the back-to-back deals reshaping the 2026 listing calendar.
For global investors, the offerings highlight renewed appetite for scale and growth stories. Pricing outcomes on both deals may set the tone for later listings.
Chipmakers tied to AI demand are also in focus as the listings approach. NVIDIA (NVDA) supplies the chips powering large AI models like those at OpenAI.
A successful OpenAI float could lift sentiment across the AI hardware and infrastructure complex. Investors are weighing whether the IPO surge marks momentum or a late-cycle signal.
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