SpaceX IPO Draws $70 Billion in Retail Orders, Sets Record
Retail investors have placed over $70 billion in orders for the SpaceX IPO, nearly covering the entire $75 billion raise and making it the largest IPO in history by retail demand alone.
SpaceX's upcoming IPO has attracted more than $70 billion in retail orders alone, according to reports. The company is raising $75 billion, meaning retail interest alone almost fills the entire offering.
To put this in context, the previous record IPO — Saudi Aramco in 2020 — raised $29.4 billion in total. Retail demand for SpaceX is now roughly 2.4 times larger than that entire amount.
In response, SpaceX has announced that 20% of the IPO shares will be allocated to retail investors, aligning with Elon Musk's vision to democratize the record-breaking sale. The IPO is scheduled for Friday.
Source: The Kobeissi Letter