India, June 11 -- SpaceX is gearing up for what might be the biggest initial public offering ever, with investor interest far surpassing the $75 billion in shares the company plans to sell.
Reports indicate that big institutional investors are placing huge orders for the offering. For instance, BlackRock is rumored to be looking for at least $5 billion worth of shares.
Other major asset managers, sovereign wealth funds, and family offices have also put in considerable bids, with one family office reportedly requesting more than $1 billion in stock.
Retail investors are jumping in as well, with requests reportedly exceeding $70 billion, showing a lot of excitement about the company ahead of its scheduled debut on Nasdaq this Friday.
Spac...