SpaceX's SPAC merger slated for June 12 will raise $75 billion and has attracted $150 billion in orders, producing a two-times oversubscription. Recent Blue Origin launch failures and Elon Musk's plan to deploy AI data centers in orbit underscore investor appetite and could drive a strong debut.
SpaceX’s SPAC listing aims to raise $75 billion through the PSPAC merger, attracting roughly $150 billion in investor orders and resulting in a two-times oversubscription ahead of its June 12 Nasdaq debut.
A recent Blue Origin test launch failure has highlighted SpaceX’s technological lead, prompting investors to favor its proven capabilities and intensifying demand for shares ahead of the IPO.
Proceeds from the offering will finance Elon Musk’s plan to deploy AI data centers and computing power in orbit alongside continued development of Starship rockets and satellite networks.
SpaceX shares will begin trading on the Nasdaq on June 12, with brokerage platforms preparing order systems and retail investors advised to review allocation guidelines before the debut.
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