Exclusive-SpaceX lays out IPO details, targets early June roadsho

SpaceX is planning a landmark IPO in mid‑June 2026, targeting up to a $1.75 trillion valuation and raising around $75 billion -- with an unprecedented ~30% of shares reserved for retail investors.

SpaceX Unveils IPO Plans with Major Retail Investor Participation, June Roadshow

SpaceX's Groundbreaking IPO Strategy and Retail Investor Focus

By Echo Wang

IPO Details and Retail Investor Inclusion

NEW YORK, April 6 (Reuters) - SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers Monday night, telling them it plans to earmark a large portion of shares for retail investors and will host 1,500 of them at an event in June following the IPO roadshow launch, according to two people familiar with the matter.

Significance of Retail Investors

"Retail is going to be a critical part of this and a bigger part than any IPO in history," Chief Financial Officer Bret Johnsen said during the virtual meeting, the two people said, asking not to be identified because the discussion was private.

Recognition of Long-Term Supporters

Johnsen said the large retail component is by design as "those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognize that."

Rewriting the IPO Playbook

Reuters reported last month that SpaceX is rewriting the IPO playbook with a large retail portion in the offering.

IPO Syndicate and Valuation

The meeting brought together the full syndicate for the first time as part of the process for what is expected to be the biggest initial public offering ever as the rocket maker seeks to raise $75 billion, valuing SpaceX at as much as $1.75 trillion, Reuters has previously reported.

(Reporting by Echo Wang in New YorkWriting by Dawn Kopecki; Editing by Shri Navaratnam)