SpaceX Files S-1 for $75 Billion Nasdaq IPO on May 21, Retail Investors to Receive Up to 30% Allocation

According to BlockBeats, SpaceX filed its S-1 prospectus with the U.S. Securities and Exchange Commission on May 21, planning a listing on Nasdaq under ticker SPCX. The IPO aims to raise approximately $75 billion with a target valuation of $1.75 trillion, making it the largest stock offering in history. SpaceX will launch investor roadshows beginning the week of June 8, host a retail investor event on June 11, complete pricing the same day, and begin trading on June 12.

A key highlight of the offering is the significantly increased retail allocation. SpaceX CFO Bret Johnsen stated that retail investors are a "critical component" of the IPO. Retail investors will receive up to 30% of new share allocations, approximately three to six times the industry standard of 5%-10%. Retail participation will be available through Charles Schwab, Fidelity, Robinhood, SoFi, and Morgan Stanley's E TRADE, with potential elimination of the standard six-month lockup period, allowing shares to trade freely on day one.