SpaceX IPO Pulls More Than $100 Billion In Orders From Retail Investors, Report Says (Live Updates)

Retail traders have flooded SpaceX’s upcoming IPO with over $100 billion in orders, surpassing earlier reports of $70 billion in demand and dwarfing the $5.5 billion raised by AI chipmaker Cerebras in its 2026 debut. The company plans to sell approximately 555.6 million shares at $135 each, aiming to raise $75 billion and achieve a record $1.77 trillion valuation. SpaceX has stated it will not adjust its $135-per-share price despite the unprecedented demand, which sources describe as approaching four times oversubscribed. Senator Elizabeth Warren has called for a delay in the IPO, arguing in a letter to SEC Commissioner Paul Atkins that the company’s valuation, governance structure, and investor protections warrant careful review. Warren highlighted concerns that Elon Musk’s 85% voting control grants him ‘unprecedented power’ over shareholders, who would have fewer rights than typical public investors. She also questioned whether index funds and other financial entities are adequately safeguarding investors and whether SpaceX has disclosed sufficient details about its valuation. In its SEC filing, SpaceX outlined an addressable market valued at $28.5 trillion, including segments for its broadband business ($870 billion), Starlink’s mobile unit ($740 billion), X’s digital advertising ($600 billion), AI infrastructure ($2.4 trillion), and enterprise applications ($22.7 trillion). The company’s S-1 filing detailed plans for its public offering, though Warren’s letter suggests regulators may scrutinize whether the stock is overpriced or if investors lack transparency. The Wall Street Journal noted that SpaceX’s governance structure effectively eliminates shareholder influence, reinforcing Musk’s control. Meanwhile, Bloomberg reported that SpaceX has informed banks it will not reduce its $135-per-share price, despite the record-breaking demand. The IPO’s scale and governance concerns have drawn attention from lawmakers and investors alike, raising questions about market integrity and investor protections.