SpaceX set off an "epic" IPO: four times oversubscribed, is the valuation "as vast as the stars in the sky" or "at the peak of a bubble"?

According to the Securities Times APP, the space and artificial intelligence giant SpaceX under Musk is about to create a historic capital market. With only the last window before the pricing on June 11th, the company's IPO has already recorded more than four times oversubscription, with a total subscription size exceeding $250 billion, far exceeding the target of $75 billion.