SpaceX to targets retail investors in IPO, sources say

New York | SpaceX outlined details of its highly anticipated IPO at a meeting with its team of bankers on Monday night (Tuesday AEST), telling them it plans to earmark a large portion of shares for retail investors and will host 1500 of them at an event in June following the 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.