SpaceX Plans IPO with Potential 30% Stake Offer to Retail Investors, Schedules April Briefings

SpaceX Prepares for Investor Briefings Ahead of Potential $75 Billion IPO

Elon Musk-led SpaceX is planning investor briefings in April as the company moves closer to its initial public offering (IPO). According to a Bloomberg report, the space startup has been telling potential investors to expect the briefings in the weeks after the Easter holiday. This comes as SpaceX is set to file confidentially for the IPO, which could raise as much as $75 billion.

SpaceX has already been holding informal meetings with prospective investors about the potential listing. The next briefings could include more details on the company's valuation target, which is expected to be $175 trillion, making it larger than all but five companies in the S&P 500 Index. At a market value of $1.75 trillion, SpaceX would be bigger than Meta Platforms Inc. and Tesla, two other members of the so-called Magnificent 7 stocks.

Retail Allocation

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

In a separate report, Reuters said that Elon Musk is discussing allocating up to 30% of the SpaceX IPO to retail individual investors. This allocation is aimed at keeping SpaceX stock steady after its listing, leveraging Musk's fans who are interested in investing in the IPO. The structure of the SpaceX IPO moves away from the usual Wall Street playbook and underscores Musk's determination to shape who owns SpaceX and how its shares trade once public.

IPO Details

SpaceX has not yet finalized the size or timing of the offering, which is expected to test investor appetite for what could be one of the largest IPOs in history. The company is assigning some firms narrowly defined roles based on personal relationships and past ties rather than allowing them to broadly compete for investors. As part of this effort, Musk has handpicked Bank of America to focus on domestic retail distribution.