SpaceX IPO may allocate 30% to retail investors as Musk restructures X with job cuts

SpaceX is reportedly considering allocating as much as 30% of its Initial Public Offering (IPO) shares to retail investors, significantly higher than the typical 5% to 10% allocation, aiming to stabilize trading by leaning on loyal individual backers. This proposed structure involves assigning specific roles to banks, such as Bank of America handling US high-net-worth clients and Morgan Stanley managing smaller retail orders via E*TRADE. SpaceX anticipates strong long-term support from its retail following, built through Tesla and Starlink. The company is reportedly preparing for investor briefings in April, with a potential confidential filing this month, aiming for an offering that could value the company near $1.75 trillion. Concurrently, Elon Musk is restructuring his broader ecosystem, with X cutting staff and removing senior leadership roles following its integration with xAI to reduce costs ahead of the listing.

(Source：Crypto Briefing)