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SpaceX CEO Elon Musk is seen behind a SpaceX logo. / Reuters-Yonhap

Elon Musk's SpaceX has reportedly attracted investor demand amounting to three to four times the size of its targeted initial public offering (IPO).

According to a Reuters report on Aug. 9, citing multiple sources, subscriptions for the SpaceX IPO exceeded the company's targeted offering size of $75 billion by roughly 3.5 to 4 times. Total investor demand was estimated at more than $250 billion (about 379.8 trillion won).

SpaceX is currently conducting its final fundraising process ahead of the IPO. Reuters reported that President Gwynne Shotwell and Chief Financial Officer Bret Johnson met with approximately 300 institutional investors during a roadshow luncheon at Morgan Stanley headquarters in Midtown Manhattan, New York.

During the event, SpaceX highlighted its rocket launch business, the Starlink network, and future opportunities in space-based data centers and AI computing as key growth drivers.

The company also argued that AI-related businesses represent a market opportunity worth as much as $23 trillion, saying that space-based data centers could overcome the limitations of terrestrial infrastructure and help meet growing global demand.

Investor enthusiasm has remained strong despite heightened market volatility, including recent declines in the Nasdaq Composite and in Bitcoin.

Reuters added that some analysts believe part of the recent stock-market weakness may have been caused by investors selling existing holdings to raise cash for participation in the SpaceX IPO.

The final offering price is scheduled to be announced on Aug. 11, with shares expected to begin trading on Nasdaq on Aug. 12.

                                                                                                             Park Jin-sook