SpaceX just pulled off one of the largest IPOs in history, and retail investors in the UK got a front-row seat. The problem: there weren’t enough seats for everyone.
The UK retail offering for SpaceX shares closed on June 10, with nearly 40% of applicants receiving fewer shares than they actually requested. Only investors who applied for up to £2,013 worth of stock received their full allocation. Everyone above that threshold got pro-rated.
The numbers behind the frenzy
UK retail buyers collectively purchased around £270 million in SpaceX shares through the Marex-operated public offer platform, known as POP.
The full IPO consisted of roughly 555.6 million shares priced at $135 each, targeting a raise of approximately $75 billion. At that price, SpaceX is eyeing a valuation somewhere between $1.75 trillion and $1.8 trillion.
