James Picariello
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Biggest-ever IPO: Retail investors line up, bid over $70 billion for SpaceX
SpaceX’s initial public offering has attracted more than $70 billion in orders from retail investors, according to people familiar with the matter, as the potentially record-breaking debut enters the home stretch. Retail investors are expected to be allocated at least 20% of the available shares, the people said. At a $75 billion IPO size, which would be the largest on record, that allocation would leave the bulk of demand from individual investors unfulfilled.