π’ ππππ ππ: $Space Exploration Tech(SPCX.US) SpaceX IPO draws >$70bn in retail orders; IPO could be ~$75bn - Bloomberg
Sources say SpaceX's IPO has drawn more than $70 billion in retail orders as the offering enters its final stages. Retail investors are expected to receive at least a 20% allocation. With the deal possibly reaching about $75 billion β which would be the largest-ever IPO β most retail demand would likely go unmet, a dynamic that could lift aftermarket buying if many Musk-aligned retail investors receive little or no allocation. BNP Paribas analyst James Picariello estimates Musk-aligned retail investors hold roughly 40% of Tesla.The copyright of this article belongs to the original author/organization.
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