【New Stock IPO】SpaceX reportedly to hold an investor briefing in April, planning to allocate up to 30% of IPO shares to retail investors

SpaceX has new updates on going public. Reports indicate that insiders have revealed SpaceX is informing potential IPO investors that the company’s executives will hold a briefing in April, while the advisory team is rushing to prepare the filings. Additionally, it is expected that a significant portion of the retail subscription will be reserved for individual investors. An insider said that SpaceX might allocate up to 30% of the shares to retail investors, using Musk’s “loyal fans” to help stabilize the stock’s performance after listing.

Sources say Elon Musk’s SpaceX plans to hold a so-called “test the waters” investor meeting within a few weeks after Easter. One insider mentioned that although SpaceX has previously discussed potential plans to go public in some informal meetings, the upcoming briefing may provide more details to support its valuation goals.

Reports suggest that potential investors are eagerly awaiting to see how SpaceX will justify its valuation, especially after acquiring fellow Musk-founded startup xAI. Musk’s grand vision of placing AI data centers in space and establishing a lunar base will require massive funding and technological breakthroughs. Furthermore, the future prospects of the third-generation Starship rocket are also key factors in whether the company can attract investment.

Earlier reports indicated that SpaceX might submit a confidential IPO application as soon as this week, with a fundraising target potentially reaching $75 billion. Insiders previously revealed that SpaceX plans to go public in June, with a valuation exceeding $1.75 trillion.

Several Wall Street financial giants are reportedly preparing to lead the IPO underwriting. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are expected to play key roles as lead underwriters in this listing.