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Retail investors snap up SpaceX shares in blockbuster IPO
🇸🇬 Singapore /Economy & Trade

Retail investors snap up SpaceX shares in blockbuster IPO

From CNA · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • SpaceX shares surged 19% on their first day of trading after a large allocation for retail investors.
  • The company aimed to set aside up to 30% of shares for retail investors in its initial public offering (IPO).
  • Some retail investors received fewer shares than requested, while others bought directly on the open market.

Individual investors eagerly sought a stake in SpaceX's highly anticipated initial public offering (IPO) on Friday, June 12, 2026. The company, along with its underwriters, had planned to allocate as much as 30% of the shares sold to the public to retail investors, a move designed to generate significant interest and buying orders from this group.

I'm very happy with what I managed to get. It's a great investment. Win or lose, I'm happy to be invested at all.

— Joseph GutheinzA retired NASA investigator who purchased $100,000 of SpaceX shares on their first day of trading.

Securing an allocation proved competitive. Joseph Gutheinz, a retired NASA investigator now practicing law, expressed satisfaction with his purchase of $100,000 worth of shares at $161 on the first day. "It's a great investment," he stated, adding, "Win or lose, I'm happy to be invested at all."

Art Hogan, an investment strategist at B. Riley Wealth in Boston, noted that strong retail buying contributed to the 19% surge in SpaceX shares on their debut. Hogan described the allocation to retail investors as "far and away the highest I've ever seen in my decades on Wall Street," calling SpaceX "the latest, greatest shiny object for retail investors to get into right now."

This allocation to retail is far and away the highest I've ever seen in my decades on Wall Street. It's the latest, greatest shiny object for retail investors to get into right now.

— Art HoganInvestment strategist at B. Riley Wealth, commenting on the significant retail investor participation in the SpaceX IPO.

A spokesperson for SoFi, a retail brokerage involved in the sale, confirmed that the deal was the "largest and most subscribed offering on our platform to date," with all eligible individuals receiving an allocation. Retail investors' net buying of SpaceX shares represented about 4% of all single-stock retail turnover on Friday, totaling $453 million and significantly outpacing Nvidia.

the largest and most subscribed offering on our platform to date.

— SoFi spokesmanDescribing the SpaceX IPO as the biggest offering on their platform.

However, not all retail investors received their desired allocations. Some reported on Reddit chat forums receiving far fewer shares than requested, with posts like "Requested 250, received nothing" and "Requested 1,000, got 85." SpaceX founder Elon Musk had previously pledged in 2024 to prioritize retail investors, particularly Tesla shareholders, in future IPOs of his private companies, stating, "Loyalty deserves loyalty."

Retail investors have shown up for SpaceX in a big way.

— Vanda ResearchA firm tracking retail investor activity, commenting on the strong demand for SpaceX shares.
DistantNews Editorial

Originally published by CNA in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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