SpaceX targets a $75 billion raise by offering retail investors direct access to its IPO through platforms like Robinhood and SoFi.
SpaceX will launch its initial public offering this week at $135 per share, aiming to raise $75 billion. The company is breaking from tradition by allowing retail investors to purchase shares at the IPO price, a privilege historically reserved for institutional clients of underwriting banks.
Retail access is facilitated through platforms like Robinhood Markets and SoFi Technologies, which offer IPO participation via indications of interest or conditional offers. SoFi has provided SpaceX access since 2024, while Robinhood’s Ventures Fund I holds private company stakes. Neither platform guarantees share allocation, but SpaceX’s marketing push underscores its retail-inclusive strategy.
The move reflects broader trends in democratizing IPO access, as retail investors increasingly manage their own portfolios. SpaceX’s valuation and fundraising target could set a precedent for future high-profile public offerings.