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SpaceX IPO Said to Be 4x Oversubscribed as $250B Demand Ripples Through Markets

SpaceX (SPCX) is set to list on Nasdaq on June 12 at a fixed $135 price, aiming to raise about $75 billion at a $1.75 trillion valuation. The order book was reported to be roughly 4x oversubscribed with about $250 billion of demand, a flow the author argues can drain liquidity from crypto and megacap tech. The piece also flags potential forced buying from Nasdaq-100 index funds estimated at $22B-$27B within weeks of the debut.
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