Summary
- SpaceX said it will hold a large IPO investor presentation on June 11 and give ordinary retail investors in the US, the UK, the EU, Japan and South Korea a chance to participate in the offering.
- SpaceX said the retail segment will account for a bigger share than in any previous IPO, with the company seeking to raise as much as $75 billion and allocate up to 30%% of the shares to individual investors.
- SpaceX said it is targeting a valuation of $1.75 trillion in the IPO, sharply above the $800 billion valuation from its December 2025 tender offer and the $1.25 trillion valuation at the time of its merger with xAI.
Forecast Trend Report by Period
"Retail investors in the EU, Japan and South Korea also to get access to the offering"
Up to 30% of shares may be set aside for individuals beyond the 21-bank underwriting group
SpaceX plans to allocate a substantial portion of its initial public offering to retail investors and host an event for 1,500 individual investors in June, Reuters reported.
Reuters reported on June 7 that SpaceX will hold a large investor presentation on June 11 for 1,500 retail investors. People familiar with the matter told Reuters that the offering will be open not only to investors in the US, but also to individual investors in the UK, the European Union, Australia, Canada, Japan and South Korea.
Two sources said SpaceX told a group of 21 investment banks that retail demand and the size of the retail allocation would be at levels not seen before.
The details were disclosed during a meeting with investment banks late on June 6. People familiar with the matter said the structure of the deal and the exact size of the retail allocation will be finalized closer to the IPO launch.
Bret Johnson, SpaceX's chief financial officer, told the meeting that retail investors would play a very important role in the IPO and account for a larger share than in any previous offering, according to a person who attended. He added that individual investors had long been major supporters of both the company and Elon Musk, and SpaceX wanted to reward them.
SpaceX is targeting proceeds of as much as $75 billion in the IPO. Sources said the company will begin its IPO roadshow in the week of June 8, when executives and bankers will introduce the deal to investors. About 125 equity analysts from the 21 banks participating in the IPO are scheduled to meet with company officials the previous day, the sources said.
Reuters previously reported that Musk wants to allocate as much as 30% of the shares to retail investors, compared with the 5% to 10% that most companies typically reserve for smaller investors.
JPMorgan, Morgan Stanley, Bank of America, Citigroup and Goldman Sachs are serving as lead underwriters on the IPO, while another 16 banks are participating in smaller roles across institutional, retail and international channels.
The target valuation of $1.75 trillion would represent a sharp increase from the $1.25 trillion valuation assigned when SpaceX merged with Musk's artificial intelligence startup xAI in February.
SpaceX has typically used tender offers about twice a year to value the company and allow employees and investors to cash out shares in the business, which has remained private for nearly 25 years. In a December 2025 tender offer, before the xAI merger, SpaceX was valued at $800 billion.
Kim Jung-a, contributing reporter, Hankyung.com, kja@hankyung.com
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
