Qualified retail investors receive at least one share in the SpaceX IPO subscription

Odaily Planet Daily News: In SpaceX's IPO, each customer of some of the largest retail brokerage firms in the United States received at least one share, highlighting the design intent of this offering—to allow retail investors to also play a significant role.

According to representatives from these firms, after submitting stock subscription requests to platforms such as Robinhood, Charles Schwab, and Fidelity, all eligible customers were allocated a portion of the shares. Reports indicate that SpaceX ultimately allocated approximately 20% of its total IPO proceeds to global retail investors. Insiders said that due to demand for these shares exceeding $100 billion, many investors hoping for larger allocations did not get their desired amounts. On the second day of trading, SpaceX's stock price had already risen over 40%, bringing its market capitalization to $2.5 trillion. (Jinshi)