SpaceX plans to allocate a percentage in the low 20s for its initial public offering to retail investors, which is less than the previously anticipated 30%. This allocation includes international individual investors, online brokerages, and private-bank clients. The IPO is set to begin trading on Friday, with the company expected to reach a valuation of approximately $1.8 trillion.
The reduced allocation suggests that institutional investors are showing significant interest in the offering, competing for shares in what is considered one of the most anticipated IPOs in recent years. Despite the smaller allocation for retail investors, it will still be among the largest ever for a U.S. IPO of this magnitude