South Africa-born Elon Musk’s SpaceX initial public offering (IPO) demand has surged to $250 billion (R4 trillion), continues its trajectory to be the highest initial amount raised by a stock going public on an exchange rate ever listed.
Set to be listed on the Nasdaq, the initial amount that the company sought to raise in capital was $75 billion (roughly R1.2 trillion).
At the fixed offer price of $135 per share, this equals a market valuation for SpaceX of roughly $1.75 trillion.
But as of 9 June 2026, Reuters is reporting that the actual SpaceX IPO demand is exceeding $250 billion, or a South African Rand equivalent of four trillion.
In other words, the order book for this single IPO equals roughly a sixth of the entire Johannesburg bourse.
SpaceX IPO four times oversubscribed
The fixed $135 price hasn’t changed, but investor orders have piled up to nearly four times the $75 billion worth of available shares.
SpaceX went against usual Wall Street IPO convention by setting this fixed price.
A company going public typically sets a price range of the type of valuation it expects to receive, thereby allowing the price to align and adjust to whatever investors might demand.
SpaceX’s set price means it cannot be raised to cool the market.
This is part of them seemingly shirking the traditional Wall Street convention of a flexible pricing range.
This leads to its oversubscription, which, plainly, means investors are trying to buy more shares than are physically available.
How South Africans can invest in SpaceX
SpaceX IPO is going public on Friday, 12 June 2026. However, South Africans interested in getting in on the high valuation lack options.
They need to find a local broker with access to the US markets.
Easy Equities notes they will provide access to local traders. .
Standard Bank Webtrader, FNB’s global share trading service and PSG Wealth’s offshore platform also offer US market access.
These, however, are aimed at more traditional investors and will come with higher fees.
IPO investments are risky at the best of times, and legendary investor Warren Buffett famously avoids them due in part to the hype surrounding a launch.
