Qualified retail investors receive at least one share in SpaceX IPO subscription
According to Odaily, in SpaceX's IPO, each client of some of the largest US retail brokerage firms received at least one share, highlighting the design intent of this offering—to give retail investors a significant role.
Representatives from the firms stated that after submitting stock subscription requests to platforms such as Robinhood, Charles Schwab, and Fidelity, all eligible customers received a partial stock allocation. Reports indicate that SpaceX ultimately allocated approximately 20% of its total IPO funds to global retail investors. Insiders said that as demand for these shares exceeded $100 billion, many investors hoping for larger allocations were left disappointed. On the second day of listing, SpaceX's stock had already risen over 40%, bringing its market capitalization to $2.5 trillion. (Jin Shi)
