SpaceX lays out IPO details, targets early June roadshow, sources say

SpaceX outlined details of its highly anticipated initial public offering 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 company's IPO roadshow launch, according to two people familiar with the matter.

"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.

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."