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SpaceX IPO running at two times oversubscribed, sources say

  • Investor interest reportedly reached about $150 billion for a $75 billion target — roughly 2x oversubscribed — though the book is still early and can change.
  • SpaceX is pitching its dominance in rocket launches and the growth of Starlink as core reasons to buy into the IPO.
  • The company is selling a big vision — a $23 trillion AI-in-space market plus plans to connect billions more to the internet with space-based infrastructure.
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