The oversubscription is key for SpaceX to raise the $75 billion needed. Retail investors have been given a large allocation, so their appetite will be crucial. This IPO will set the tone for the wider AI listing marketplace.
Investors are not just buying SpaceX; they are buying into Musk's vision combining rockets, AI, and social media. The interconnectedness of Musk's companies (Tesla, X, xAI) is a key consideration.