SpaceX's initial public offering has drawn more investor orders than the number of shares available, signaling the company could set a record for the largest-ever stock listing. The Starbase, Texas-based company is offering 555.6 million shares at $135 each, which would value the firm at roughly $1.8 trillion. People familiar with the matter said the IPO is oversubscribed after one-on-one meetings with institutional investors, though details remain private. The offering, which is set for June 5, 2026, has already exceeded expectations, with demand far outpacing supply. SpaceX, owned by Elon Musk, is poised to become the most valuable company in the world if the IPO proceeds as planned. The company has not disclosed how it will handle the oversubscription, but insiders suggest it may increase the number of shares available or adjust the pricing. The IPO comes as SpaceX expands its operations, including launches from NASA's Kennedy Space Center in Brevard County, Florida. The company's success in the commercial space industry has attracted significant interest from investors, who see potential in its satellite, rocket, and artificial intelligence ventures. SpaceX's valuation would surpass Apple's current market cap if the IPO is completed at the projected price. The company's ability to manage the oversubscription could influence how the stock performs on its first day of trading. For now, the focus remains on finalizing the IPO details ahead of the June 5 deadline.