SpaceX has shared early details of its highly anticipated initial public offering (IPO) during a meeting with its banking team, indicating plans to allocate a significant share of stock to retail investors, according to Reuters.
Retail investors to play a central role
During the virtual meeting, CFO Bret Johnsen emphasized the unprecedented role of individual investors:
“Retail investors will play a key role in this process, more than in any IPO in history.”
He added that the approach reflects recognition of long-term support from the public:
“These are people who have supported us and Elon Musk for a long time, and we want to acknowledge that.”
A deal that could reshape IPO norms
The update follows earlier reporting by Reuters suggesting that SpaceX is rethinking IPO structures, placing greater emphasis on retail participation rather than traditional institutional dominance.
The latest meeting brought together the full banking syndicate for the first time, marking a key milestone in the listing process.
Valuation could reach $1.75 trillion
The offering is expected to become the largest IPO in history, with the company aiming to raise around $75 billion, at a valuation of up to $1.75 trillion, according to previous Reuters reports.
Photo: Bloomberg
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