SpaceX’s record-breaking $75 billion IPO generated more than $350 billion in investor demand ahead of its Nasdaq debut, according to Bloomberg. The offering was priced at $135 per share, with over 555 million shares sold, giving the company a valuation of approximately $1.8 trillion.

Demand from institutional investors surpassed $250 billion, led by asset managers, sovereign wealth funds, and other large investors.

Long-term shareholders received the majority of institutional allocations, while firms such as BlackRock, Saudi Arabia’s Public Investment Fund, and Kuwait Investment Authority were among those seeking sizable positions. Many institutions, however, were unable to secure shares due to overwhelming demand.

Retail investors submitted more than $100 billion in orders. About 20% of the available shares were reserved for individual investors, underscoring their increasing role in global capital markets.

With many investors receiving reduced allocations or none at all, analysts expect strong interest when the stock begins trading. SpaceX will list on Nasdaq under the symbol SPCX, supported by a syndicate led by Wall Street’s largest banks.