According to The Information, SpaceX’s multi-day Texas roadshow attracted nearly 200 major Wall Street fund investors, with demand reportedly strong enough to exceed aircraft capacity and potentially spur tech stock selling to fund subscriptions.
SpaceX’s upcoming IPO reportedly drew nearly 200 investors from major Wall Street funds to a multi-day roadshow in Texas, according to The Information. The report said demand was strong enough to exceed aircraft capacity about a week earlier, indicating heavy institutional interest in the expected offering. It also said the listing could trigger billions of dollars in technology stock selling as investors seek to raise cash for IPO subscriptions.