SpaceX (SPACEX) cuts its retail IPO allocation to the low 20% range, indicating high institutional demand as it prepares for a $1.8 trillion valuation.

SpaceX (SPACEX) plans to allocate a percentage in the low 20s to retail investors for its upcoming initial public offering, which is lower than the previously expected 30%. The IPO is set to begin trading on Friday and is projected to value the company at about $1.8 trillion. This reduction in retail allocation indicates strong institutional demand for the shares. Despite the smaller allocation, it will still rank among the largest ever for a U.S. IPO of this magnitude.

SpaceX (SPACEX) Retail IPO Allocation Reduced to Low 20% Range

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