SpaceX IPO Oversubscribed at $1.77 Trillion Valuation

SpaceX plans a June 12 IPO at a fixed $135 per share, targeting a $1.77 trillion valuation. The company earmarked 30% of shares for retail investors via brokerages like Robinhood and Charles Schwab. Reports indicate the offering is two times oversubscribed with $150 billion in orders against a $75 billion raise target.