"SpaceX has earmarked up to 30 per cent of its shares for non-professional investors rather than reserving the bulk of the offering for the City institutions and Wall Street heavyweights that typically dominate such deals."
"Bret Johnsen, SpaceX's chief financial officer, is understood to have told the banks that retail participation would be larger than in any previous IPO, describing the company's individual supporters as people who have been 'incredibly supportive of us and of Elon for a long time.'"
"Industry observers have compared the excitement surrounding the listing to the frenzy that accompanied Google's debut in 2004."
SpaceX is preparing for an unprecedented initial public offering, aiming for a $2 trillion valuation. The company plans to allocate up to 30% of its shares to retail investors, a departure from traditional IPO practices. This strategy is reminiscent of the British privatizations in the 1980s. SpaceX aims to raise $75 billion and has scheduled a summer roadshow for potential investors. Analysts predict that retail participation will surpass previous IPOs, reflecting the strong support from Musk's followers. The company's valuation has significantly increased in recent months, reaching $2 trillion.
Read at Business Matters
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