Market Chatter: SpaceX Allocated $600 Million in IPO Shares to European Retail Investors

MT Newswires Live03:49

Space Exploration Technologies (SPCX) set aside $600 million of stock for retail investors in the EU, Norway, and Switzerland, or less than 1% of its record initial public offering, Bloomberg reported Monday, citing people familiar with the matter.

Orders from that group totaled roughly four times the shares allocated, or about $2.5 billion in demand, the report said.

SpaceX did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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