Musk Generously Shares the Cake. Why SpaceX IPO Plans to Allocate 30% Share to Retail Investors?
TradingKey - On March 26, Reuters reported that Elon Musk is discussing allocating up to 30% of SpaceX's IPO shares to retail investors, a proportion triple the conventional level. Typically, companies going public allocate only 5% to 10% of IPO shares to retail investors. Musk's move is reportedly intended to leverage his ardent fan base and loyal supporters to stabilize SpaceX's stock price following its market debut.