SpaceX Proposes 30% IPO Allocation To Retail

Elon Musk's SpaceX is considering allocating as much as 30% of its initial public offering to retail investors, Reuters reports, diverging from the typical 5–10% allocation. SpaceX plans to assign banks specific regional roles—Bank of America for US high-net-worth clients and Morgan Stanley for smaller retail via E*TRADE—and is preparing investor briefings and confidential filings, with a potential $75 billion raise.