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SpaceX Set for Record $75B IPO with Retail Access This Summer

SpaceX plans to make up to 30% of shares available to retail investors through major online brokerages including Robinhood, Fidelity, and Charles Schwab. This marks a significant departure from typical IPO distribution practices. The June offering could raise $75 billion, eclipsing Alibaba's 2014 debut of $22 billion to become the largest public offering ever. Historically, institutional investors capture roughly 90% of IPO shares, with hot offerings reserving 95% for major Wall Street banks. Retail investors should temper expectations about first-day gains, despite an average 19% pop from offering price through first-day trading between 1980 and 2025. Analysts caution that subscription limits may prevent investors from purchasing desired share quantities in high-demand offerings.