Elon Musk is considering allocating up to 30% of SpaceX’s initial public offering to retail investors-triple the typical IPO share-according to reporting from major financial outlets.
The strategy aims to cultivate long-term shareholders by leveraging Musk’s loyal investor base built through Tesla and Starlink. It also gives Musk tighter control over share distribution, bypassing traditional bank-led allocations.
Bank of America will target U.S. high-net-worth clients, while Morgan Stanley handles smaller retail orders via E*TRADE. UBS and Citi are assigned international distribution roles.
SpaceX could raise as much as $75 billion in the offering, potentially valuing the company near $1.75 trillion-one of the largest IPOs ever. Investor briefings are slated for April, with a confidential filing expected soon.
Meanwhile, Musk is restructuring his broader empire. X has cut staff and eliminated senior leadership roles following its integration with xAI, aiming to streamline costs ahead of the IPO.
Final timing and size remain unconfirmed, but the retail-heavy approach signals a potential shift in how major tech listings are executed.