SpaceX draws $250 billion in indications for record IPO (opens in new tab)

SpaceX is preparing to list on Nasdaq on June 12 under the ticker SPCX after setting an expected IPO price of $135 a share and offering about 555.6 million Class A shares. It is seeking roughly $75 billion at a valuation of about $1.75 trillion to $1.78 trillion. The transaction is expected to become the largest IPO in history, with retail investors set to receive an unusually large allocation of up to 30% of the offering. Investor indications have exceeded $250 billion, equal to about 3.5 to...