NEW YORK, June 5 (Reuters) - - SpaceX has drawn

investor demand that is about double the $75 billion it is

seeking to raise next week in its IPO, or $150 billion, said two

people familiar with the matter on Friday.

An oversubscription rate of two times would be considered

modest for most highly anticipated market flotations, but

bankers and investors said that demand is impressive for the

SpaceX offering since it is the largest IPO ever.

The company remains in the early stages of the marketing

process, sources cautioned. Investor demand is still subject to

change before the IPO prices next week.

SpaceX is expected to price on June 11 and to trade on

Nasdaq the next day.

The sources requested anonymity because the matter is

confidential. SpaceX did not respond to a request for comment.

Bloomberg reported on Friday that the IPO was oversubscribed.