SpaceX details IPO schedule; retail demand expected to break records - report (SPACE:Private)

SpaceX (SPACE) provided details of its IPO during a Monday night meeting with its bankers, indicating that a significant portion of shares will be allocated to retail investors and that it plans to host 1,500 of them at a June

SpaceX plans to allocate a significantly larger share to retail investors than typical IPOs, potentially up to 30%, making it a bigger retail component than any IPO in history.

SpaceX will host a major event for 1,500 retail investors and include retail investors from multiple countries, signaling high engagement and inclusiveness.

SpaceX's proposed allocation for retail investors could reach 30%, far exceeding the usual 5-10% in most IPOs.