SpaceX Targets $75B IPO with 21-Bank Syndicate, Retail Investors Eye 30% Shares

• SpaceX is reportedly preparing for a record-breaking IPO expected to raise $75 billion.
• Elon Musk has denied rumors of retail platform exclusions in the share allocation process.

SpaceX is moving ahead with its highly anticipated Initial Public Offering (IPO), internally codenamed "Project Apex," aiming to raise approximately $75 billion and achieve a potential valuation of $1.75 trillion. Reports indicate the offering could take place as early as June, marking a pivotal event for the company and the broader investment market.

On March 31, 2026 (UTC), Teslarati reported that Elon Musk publicly refuted speculation about the exclusion of retail platforms Robinhood and SoFi from the IPO process. Using the social media platform X, Musk emphasized, "These reports are false," directly addressing concerns over retail investor accessibility.

To manage the unprecedented scale of this IPO, SpaceX has reportedly assembled a syndicate of 21 banks. Reuters detailed that the group is spearheaded by five main bookrunners: Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup. Sixteen additional institutions—including Barclays, Deutsche Bank, Macquarie, and UBS—are tasked with expanding investor outreach globally.

Approximately 30% of the shares are expected to be allocated for retail investors, a figure significantly higher than the 5-10% norm in large IPOs. Sources cited by Reuters noted that this unique allocation has sparked discussions about accessibility, with Morgan Stanley's E*Trade rumored to lead sales to smaller investors.

While recent reports suggested SpaceX might have submitted a confidential IPO filing to the SEC, prediction markets currently estimate a 60% probability of completing the process by the end of June. SpaceX's impressive financial performance in 2025, with estimated revenue of $15.5 billion, further supports its ambitious offering plans.

This IPO represents a landmark moment in the investment arena, combining an unprecedented valuation, significant retail involvement, and a banking syndicate of unmatched scale.