SpaceX lays out IPO details, targets early June

SpaceX outlined plans for its upcoming IPO, saying it will allocate an unusually large portion of shares to retail investors.

The company’s CFO said retail participation will be a major focus, reflecting long-term support from everyday investors.

SpaceX plans to host thousands of retail investors at events in June as part of its IPO roadshow.

The offering is expected to raise about $75 billion and could value the company at up to $1.75 trillion, CNBC has reported.

Major banks are leading the deal, with the structure and final allocation still to be finalized before the IPO launch.