SpaceX is about to pull off what might be the most oversubscribed IPO in modern history. The company has attracted over $250 billion in investor demand against a target raise of $75 billion, an oversubscription rate of roughly 3.5 to 4 times.

The biggest IPO you’ll see this decade

SpaceX has priced its shares at $135 each, implying a company valuation somewhere between $1.75 trillion and $1.8 trillion.

Trading is set to begin on June 12, 2026, under the ticker SPCX. The offering is being shepherded by a murderers’ row of Wall Street banks: Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.

Approximately 30% of shares are being reserved for retail investors. That’s an unusually…