KABARMEGAPOLITAN.com – Investor enthusiasm for SpaceX’s Initial Public Offering (IPO) continues to show a positive trend. Based on information obtained by a number of media from sources familiar with the process, investor demand has now reached around US$150 billion or almost double the fund raising target which was previously set at US$75 billion.
Technically, an oversubscription rate of around two times is not an extraordinary figure for an IPO of a technology company that is highly anticipated by the market. However, many industry players consider this achievement to still be impressive considering that SpaceX has the potential to record the largest IPO in the history of the United States stock market.
However, the same source reminded that the share marketing process is still ongoing. The current level of investor interest does not yet reflect the final results because the number of requests may change ahead of the share price being determined in the next few days.
In addition, a number of large institutional investors usually only submit orders at the final stage of the IPO process. Therefore, the figures currently circulating better reflect initial market interest rather than the final share allocation that will later be determined.
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SpaceX Sells Vision of a Trillion Dollar Industry
Last week, SpaceX started a series of roadshows to introduce its business prospects to potential investors.
In the presentation, the company sought to convince the market that SpaceX’s IPO was not just an investment in a rocket launch company, but rather a gateway to a future industry driven by space technology, global internet connectivity and artificial intelligence (AI).
SpaceX highlights its dominant position in the rocket launch sector. The company said that in the last three years, its launch missions accounted for a larger share of the total mass of payloads sent into orbit than any other player in the industry.
Apart from the launch business, SpaceX also emphasized the strength of its Starlink satellite internet service, which has now become one of the company’s main sources of growth.
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Aiming at Market Opportunities of up to US$ 23 Trillion
In its presentation to investors, SpaceX even claimed to have a market opportunity whose value could reach US$23 trillion.
The company assesses that AI developments will be one of the main drivers of this growth. SpaceX also put forward the ambitious idea of building an AI computing infrastructure in space, something they say no other company has been able to do.
According to SpaceX, the ability to expand computing capacity beyond Earth has the potential to open new markets on a very large scale in the future.
The company claims to be in a unique position because it has space transportation technology that enables the development of various services and infrastructure in space that competitors cannot realize.
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Starlink Becomes the Main Weapon to Bridge the Digital Divide
In a presentation document exhibited during the roadshow, SpaceX also emphasized that one of its main missions is to expand internet access to areas that have not been served by conventional networks.
The company says it has succeeded in drastically cutting the cost of access to space, allowing it to expand the scope of its missions to help address global challenges.
“We have significantly lowered the cost of accessing space, enabling us to expand missions to address pressing challenges on Earth, including bridging the digital divide and connecting more than three billion people who previously did not have internet access with global knowledge and information,” SpaceX wrote in its presentation.
With the combination of a rocket launch business, the Starlink satellite internet network, and big ambitions in the AI sector, SpaceX seems to have succeeded in attracting the attention of investors who want to participate in one of the most anticipated IPOs in the history of the technology industry.***
