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SpaceX IPO Is Said to Be More Than Four Times Oversubscribed

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

SpaceX’s initial public offering has attracted demand for more than four times the available shares, according to people familiar with the matter, ahead of the Elon Musk-led rocket, satellite and artificial intelligence firm stopping taking orders.The banks are expected to stop taking orders from institutional investors after the market closes in New York at 4 p.m. on Wednesday, people familiar with the matter have said.

SpaceX’s IPO is set to price June 11 and trade the following day. The company is offering 555.6 million shares at a fixed price of $135 each, which would raise about $75 billion, and value it at about $1.8 trillion.

Orders are still being taken and details could change, the people said, asking not to be identified as the information isn’t public. A representative for SpaceX didn’t immediately respond to a request for comment.

On this episode, Carol Massar and Tim Stenovec speak with:

  • Ed Ludlow, Bloomberg Tech Co-Host On SpaceX
  • Ben Hylak, Co-Founder and CTO at Raindrop, Former SpaceX and Apple Engineer On Raindrop 2.0 product, and SpaceX from fmr. Engineer perspective 
  • Paul Andre Huet, Chairman & CEO of America's Gold & Silver AND Gary Evans, CEO at US Antimony On latest company news, mining/antimony roundup 
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