SpaceX Plans Record IPO with Retail Investor Allocation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2026
0mins
Source: NASDAQ.COM
- Record IPO Size: SpaceX plans to issue 555,555,555 shares at $135 each, aiming to raise $75 billion, which would set a record for the largest IPO ever, surpassing Saudi Aramco's $26.5 billion in 2019.
- Retail Investor Allocation: The company is allocating up to 30% of shares to retail investors through platforms like Robinhood and SoFi, aiming to tap into Elon Musk's devoted following to boost demand and enhance IPO success.
- High Volatility Expectations: Despite the high IPO price of $135 and ongoing net losses, the significant retail investor participation could lead to substantial price volatility on the first trading day, as historically similar IPOs have seen rapid declines post-launch.
- Market Confidence Boost: SpaceX's IPO is viewed as a factor that could enhance market confidence, particularly in the context of an AI-driven bull market, potentially lifting the sentiment for other stocks as well.
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Analyst Views on SCHW
Wall Street analysts forecast SCHW stock price to rise
16 Analyst Rating
14 Buy
1 Hold
1 Sell
Strong Buy
Current: 94.510
Low
91.00
Averages
116.64
High
148.00
Current: 94.510
Low
91.00
Averages
116.64
High
148.00
About SCHW
The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services, and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan and business services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers. Its products and services include brokerage, mutual funds, exchange-traded funds (ETFs), managed investing solutions, alternative investments, banking, and trust.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Uneven Allocations: The SpaceX IPO has generated strong reactions from investors, with many retail investors receiving only a fraction of their requested shares, such as one investor who requested 1,000 shares but received just 17, leading to divergent views on the stock's future.
- Strong Market Performance: Despite the uneven allocations, SpaceX's stock surged 19% on its first trading day, closing at $161, up from the IPO price of $135, pushing its market value above $2 trillion and reflecting strong market confidence in its growth potential.
- Lockup Pressure Expectations: Some investors anticipate selling pressure in the coming months as lockup periods expire, which could impact stock prices, especially when more shares become available for trading, potentially leading to a supply-demand imbalance in the market.
- Long-Term Holding Strategies: Despite facing high valuations and potential volatility, some investors choose to hold long-term, such as one investor who received two shares and decided not to increase their position, viewing the current valuation as 'aggressive' and planning to wait for further price discovery.
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- IPO Performance: SpaceX went public on June 12, pricing shares at $135, opening at $150, and currently trading around $170, achieving a market cap of $1.77 trillion, marking the largest IPO in history and reflecting strong market confidence in its growth prospects.
- Retail Investor Participation: In this IPO, SpaceX floated less than 5% of its shares but allocated up to 30% to retail investors, broadening its investor base and attracting more smaller investors, which enhances market dynamism.
- Investment Risk Analysis: Despite a 33% revenue growth in 2025, SpaceX's valuation has reached 95 times its projected sales for that year, with expectations of a price-to-sales ratio exceeding 100, indicating unsustainable valuation and potential risks for investors.
- Concentrated Management Control: Elon Musk retains 82% of the voting rights post-IPO, indicating the company's immunity to investor pressure, which may limit shareholder influence and affect future capital raising efforts, potentially impacting investor interests.
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