Witness history! SpaceX's IPO in the century received oversubscribed subscriptions, with institutional giants throwing in $10 billion to grab shares.

According to informed sources, SpaceX's IPO has received significantly oversubscribed purchases, with multiple institutional investors placing orders totaling around $100 billion or more. The market demand for this capital feast, expected to break historical records, continues to heat up. The leading investment bank for this listing is expected to stop accepting orders from institutional investors after the close of the New York market on Wednesday (4 pm Eastern Time). Closing accounts will allow underwriters time to accurately assess demand before officially listing and provide pricing advice to the company. SpaceX's IPO is scheduled to be priced on June 11, with trading beginning on June 12. The company plans to issue 5.556 billion shares at a fixed price of $135 per share, aiming to raise approximately $75 billion and with an estimated valuation of around $1.8 trillion. Retail investors can still submit orders for SpaceX shares through certain platforms after the Wednesday deadline. It is reported that the allocation for retail investors in this offering can be as high as 30%. In addition, according to informed sources, Morgan Stanley will host a special roadshow at its New York headquarters on Tuesday, inviting around 300 institutional investors to meet with SpaceX management, including SpaceX CEO Gwynne Shotwell and CFO Brett Johnson. The meeting will be hosted by Morgan Stanley co-president Dan Simkowitz. Market expectations for this IPO continue to build up, with the fundraising scale expected to surpass the record $29.4 billion set by Saudi Aramco in 2019, making it the largest IPO in history. In recent weeks, SpaceX has emphasized in disclosure documents its revenue engine in the field of artificial intelligence. Last Friday, the company announced an agreement with Alphabet Inc. Class C's parent company Alphabet, where Alphabet's Gemini AI business will act as a cloud service customer, paying SpaceX $920 million per month, with the agreement running through 2029. SpaceX also previously disclosed a similar partnership framework with Anthropic PBC. The company, officially named Space Exploration Technologies Corp., will be listed on the Nasdaq and Nasdaq Texas under the code SPCX. Not just a rocket, but also an AI giant On the eve of its debut on the U.S. stock market, SpaceX, owned by Musk, has signed massive computing power lease agreements with Anthropic and Alphabet Inc. Class C, totaling over $70 billion. The agreements have an annualized revenue scale of $26 billion, injecting strong fuel into its IPO narrative. On June 5, SpaceX announced a long-term cloud service agreement with Alphabet Inc. Class C's parent, Alphabet Inc. Class C (GOOGL.US). According to regulatory filings, Alphabet Inc. Class C will pay SpaceX $920 million per month from October this year through June 2029 for approximately 110,000 NVIDIA Corporation GPUs and related computing resources. Before that, Alphabet Inc. Class C will pay a lower rate during the ramp-up phase. Earlier in May, Anthropic announced a lease of most of the computing power at SpaceX's Colossus 1 data center in Memphis, Tennessee, at a price of $1.25 billion per month. Combined, SpaceX will receive approximately $2.17 billion in revenue per month from the computing power leasing business, with an annualized scale of about $26 billion. If both contracts are executed until their expiration dates, the total contract value exceeds $70 billion. These transactions directly strengthen SpaceX's AI growth story as it races toward its IPO. SpaceX plans to complete its listing next week, aiming to raise $75 billion, setting a record for the largest IPO in U.S. history. The explosive growth of the computing power leasing business provides quantifiable high-visibility revenue, but at the same time, concerns about SpaceX's AI laboratory and its self-research capabilities are quietly increasing. According to filings submitted by SpaceX to regulatory agencies, the cloud service agreement with Alphabet Inc. Class C was formally signed on June 5, 2026. The agreement stipulates that Alphabet Inc. Class C will use computing power at a lower rate until September this year, entering the ramp-up phase; from October to June 2029, it will pay SpaceX $920 million per month. The provided computing resources include approximately 110,000 NVIDIA Corporation GPUs, CPUs, memory, and other related components. The agreement also includes protective clauses: if SpaceX fails to provide the agreed number of GPUs by September 30, after a one-month grace period, Alphabet Inc. Class C can immediately terminate the agreement or accept the actual number of GPUs provided and proportionally reduce the monthly fee. In addition, after December 31, 2026, either party can terminate the agreement by giving 90 days' notice. Alphabet Inc. Class C will retain ownership and all intellectual property rights to its content, AI models, and related data. Analysts say that the disclosed $70 billion contract value for SpaceX depends to some extent on whether both parties choose to fulfill the agreement until its expiration date. The computing power agreement between Anthropic and SpaceX was announced in May of this year, with Anthropic leasing most of the computing power at SpaceX's Colossus 1 facility at a price of $1.25 billion per month. The facility is located in Memphis, Tennessee, with over 220,000 NVIDIA Corporation processors, capable of providing 300 megawatts of additional computing power for Claude's chat Siasun Robot & Automation, with delivery to be completed within a month.