Demand for the upcoming SpaceX initial offering of Elon Musk exceeded $250 billion, representing 3.5-4 times the planned volume. This is reported by Reuters with reference to sources familiar with the transaction.

The company intends to raise around $75 billion by placing 555 million class A shares at a price of $135 per paper. The current figures reflect indicative interest from institutional investors, including large bids from long-term funds, and may be adjusted as marketing advances.

Elon Musk personally participated in several online meetings with potential buyers. President of SpaceX Gwynn Schotrell and CFO Bret Johnsen, according to sources, are planning a luncheon for the institutions at Morgan Stanley’s Manhattan office, hosted by bank co-chair Dan Simkovic.

Trading is taking place amid extreme volatility: on June 10, the Nasdaq Composite traded at a loss after its largest daily drop in more than a year, and Bitcoin fell 2.8%, 37% below its January peak. Some analysts assume that one of the factors contributing to market decline may have been asset sales by investors releasing liquidity for SpaceX’s IPO.

Recall that in May, the company filed with the SEC a public application on form S-1. According to the document, as of March 31, 2026, SpaceX had 18,712 Bitcoin purchased for $661 million.