economy
SpaceX IPO explained: The price is set, but retail allocation still up in the air
Charles Schwab, Fidelity, Robinhood, SoFi and Morgan Stanley's E-Trade are among the brokerage platforms making SpaceX shares available.
TL;DR
- SpaceX is planning a record-breaking IPO with a fixed price of $135 per share.
- The company anticipates a market capitalization of $1.77 trillion.
- Unlike customary IPOs, SpaceX has not provided a price range, opting for a take-it-or-leave-it approach.
- The company aims to allocate roughly 30% of the IPO shares to retail investors, significantly more than the typical 5-10%.
- Brokerage platforms like Charles Schwab, Fidelity, Robinhood, SoFi, and E-Trade will make shares available to retail investors.
- SpaceX has accelerated its order taking deadline to allow more time for share allocation planning.