Retail investors’ chance to make a comeback is here? SpaceX actually reserved 30% of the shares for retail investors!

When it comes to IPOs, it used to be that institutions ate their fill, leaving retail investors with little more than scraps. But this time, SpaceX’s IPO really impressed me.

According to the prospectus, Elon Musk specifically set aside 20% to 30% of the IPO shares for retail investors—far higher than the industry norm of 5% to 7%. So what does that mean? In other words, out of this $75 billion in financing, more than $20 billion—up to over $20 billion—will be reserved for ordinary investors. In the history of U.S. stocks, this kind of treatment has only been seen before with Facebook in 2012.

And it’s not just that the share allocation is bigger; the thresholds have also been lowered to an absurd degree. Robinhood doesn’t set any minimum account balance requirement—if you want to buy, you can buy. Fidelity, which usually requires $100,000 to $500,000, has also lowered the threshold this time to $2,000. Plus, Gate’s “direct IPO” lets you start with 100 USDT—basically handing regular people their entry ticket.

Why is Musk being so “fan-friendly” to retail investors this time? Actually, it’s not hard to understand. Just look at Tesla: retail investors account for one-third of the share base among shareholders, and it’s that “power of belief” that supports Tesla’s market value. Musk knows this well. Back in 2020, he said he was a super fan of small investors and promised that retail investors would be given priority when SpaceX goes public. This time, he’s keeping his word.

However, giving retail investors such a large allocation also means volatility could be greater. Think about the GameStop era’s retail investor rally—after SpaceX’s listing, will we see a similar storyline? I think it’s very likely. After all, many of the people willing to buy SpaceX are Musk’s “die-hard” fans. These people aren’t holding onto financial statements to make value investments—they’re coming for the dream of “colonizing Mars.”

Oh, and Gate’s subscription ends at noon on June 12. If you want to participate, grab the time—don’t end up slapping your own thighs later.
#SpaceX認購規模超2500億美元