SpaceX just pulled off something Wall Street hasn’t seen before. The company’s IPO raised $75 billion by selling 555.6 million shares at $135 each, producing an initial valuation of roughly $1.77 trillion. That makes it the largest public offering in recorded history.
Retail gets a real allocation for once
Retail investors received between 20-30% of the total IPO allocation. For context, the typical retail slice of a major IPO runs somewhere between 5-10%. Major US brokerages including Robinhood and Fidelity served as distribution channels, ensuring that brokerage customers received at least one share in the offering. Over $70 billion in retail orders flooded in.
The demand wildly outstripped supply, with many investors receiving fewer shares than they requested. First-day trading delivered gains of around 19%, rewarding those who managed to secure an allocation.
The crypto connection nobody asked for
