SpaceX IPO sees strong investor demand

SpaceX's upcoming initial public offering is reportedly experiencing significant oversubscription, with institutional investors showing demand for multiple times the available shares. The company is expected to halt order-taking from these investors by the end of Wednesday. The IPO is scheduled to price on June 11, with trading commencing the following day. This strong demand suggests considerable investor confidence in SpaceX's market position and future prospects, potentially leading to a successful public debut.