SpaceX Gave Regular People an Unusually Large Slice of Its IPO

SpaceX set aside 30% of its newly public shares for ordinary investors—triple what most companies offer. This reflected Starlink's popularity and a strategy to spread ownership widely. Demand was so strong that demand ran four times oversubscribed. On day one, the stock jumped to $160.95 from $135, meaning those early buyers' gains shrank as more trading occurred.