SpaceX just pulled off the biggest IPO the world has ever seen, and it did something almost unheard of in the process: it actually let regular people participate in a meaningful way.
The Elon Musk-led rocket company priced its offering at $135 per share, raising approximately $75 billion and listing on the NASDAQ under the ticker SPCX.
A retail tranche that broke the mold
In most mega-IPOs, retail investors get table scraps. The standard allocation for individual investors in large public offerings typically lands somewhere between 5% and 10%. SpaceX decided that wasn’t enough.
The company set its retail tranche at roughly 20% of the total offering, with internal discussions about potentially pushing that figure to 30%.
