"SpaceX's chief financial officer, Bret Johnsen, stated, 'Retail is going to be a critical part of this and a bigger part than any IPO in history.' This reflects the company's commitment to engaging smaller investors."
"Johnsen emphasized the importance of retail investors, saying, 'Those are folks that have been incredibly supportive of us and of Elon (Musk) for a long time, and we want to make sure that we recognise that.'"
SpaceX is preparing for a significant IPO, aiming to raise $75bn and achieve a valuation of $2 trillion. The company will host an event for 1,500 retail investors in June, marking a departure from traditional IPO practices by allocating up to 30% of shares to non-professional investors. This strategy is designed to engage the retail market, which has been supportive of CEO Elon Musk. The IPO is expected to be the largest in history, drawing comparisons to Google's 2004 launch.
Read at www.theguardian.com
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