SpaceX just pulled off the largest IPO in history, raising $75B by pricing 555.6 million shares at $135 each. Shares opened around $150 on the Nasdaq and closed their first trading day at roughly $161, a 19% pop that pushed the company’s valuation past $2 trillion.
Retail gets a real seat at the table
Here’s the thing about IPOs: retail investors typically get scraps. The standard allocation sits somewhere around 5-10% of total shares, with the rest going to institutional players who get first dibs on the upside.
SpaceX flipped the script. Retail investors received as much as 30% of the total IPO allocation, distributed through brokerages like Robinhood, Fidelity, and Charles Schwab. First-day retail net purchases landed around $118 million.
The crypto crossover
