SpaceX completes two orbital launches in 19 hours; IPO is oversubscribed by 2x

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SpaceX conducted two Falcon 9 launches on June 3 and 4, deploying 53 Starlink satellites in under 19 hours. On-chain data indicates strong investor interest in the company’s $135-per-share IPO, targeting $75 billion in funding. On-chain analysis shows subscriptions reached $150 billion, doubling the offering size. The stock will begin trading on Nasdaq on June 12 under the ticker SPCX.

Huo Xing Finance reports that on June 6, SpaceX recently broke its own record for high-frequency launches: between June 3 and 4 local time, the company launched two Falcon 9 rockets from Vandenberg Space Force Base in California and Cape Canaveral in Florida, respectively, to carry out the Starlink 17-47 and Starlink 10-43 missions, deploying a total of 53 Starlink satellites, with less than 19 hours between launches. The June 3 mission carried 24 satellites and lifted off at 8:40 a.m. Pacific Time; the June 4 mission carried 29 satellites and launched at 6:26 a.m. Eastern Time. Market participants note that while most aerospace companies still struggle to achieve even one stable launch per month, SpaceX has made consecutive orbital launches routine. Meanwhile, SpaceX is set to list on Nasdaq on June 12 under the ticker symbol "SPCX." The company's offering price is set at $135 per share, with plans to raise $75 billion; SpaceX's IPO received approximately $150 billion in investor subscriptions, doubling its fundraising target and setting a global IPO record.

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