SpaceX to Offer Up to 25% of $75B IPO to Retail Investors

SpaceX plans to allocate up to 25% of shares in a planned $75 billion initial public offering to retail investors. Its IPO website directs individual buyers to E*Trade, Fidelity, Robinhood, Charles Schwab and SoFi to submit subscription requests.

The allocation is higher than the 5% to 10% usually set aside for individual investors in large-cap listings. The site lets retail subscribers from around the world register interest before any formal pricing is announced.

In the U.K., Revolut and eToro have been listed as permitted intermediaries to accept order requests through their apps and websites.

People familiar with the plans say Elon Musk favors broad retail access rather than allocating most shares to major Wall Street firms. The company has not released a timetable or final allocation details.

Anthony Noto, chief executive of SoFi, observed that past retail participation has been constrained by a lack of supply and limited access rather than weak demand.

Interested investors are being directed to the designated brokerages for instructions on how to request shares when the offering opens. SpaceX created a public portal to steer retail subscription requests to those platforms.

If confirmed, the allocation would be among the larger retail set-asides for a major technology and aerospace IPO. No regulatory filing date or listing venue has been published.