SpaceX IPO is said to be well oversubscribed, orders close Wednesday

SpaceX's initial public offering is significantly oversubscribed, with demand building for a potentially record-setting debut. Banks are closing order books for institutional investors, with pricing expected June 11 and trading to commence the following day. The company is offering 555.6 million shares at $135 each, aiming to raise approximately $75 billion and valuing it at about $1.8 trillion.