SpaceX, founded by Elon Musk, is set for a potential record-breaking IPO later this year, aiming for a $1.5 trillion market cap. Musk plans to allocate up to 30% of shares to retail investors, significantly higher than the typical 5-10%. This move aims to encourage long-term ownership and reduce institutional sell-offs.
Bank of America will oversee domestic retail distribution, focusing on high-net-worth clients and family offices. Morgan Stanley will handle smaller retail orders through E*Trade, UBS will target international high-net-worth and family-office buyers, and Citi will coordinate overseas retail and institutional sales.
Analysts view the SpaceX IPO as a critical test of market sentiment in technology and AI stocks. Despite concerns about a potential bubble, there is high anticipation for the IPO, with expectations of significant investor demand and potential gains similar to Nvidia.