Overview
- Elon Musk is considering giving individual investors up to 30% of SpaceX’s IPO shares, far above the typical 5% to 10% reported in most U.S. offerings.
- SpaceX has begun carving out bank roles to reach small buyers in the U.S. and abroad, with Morgan Stanley’s E*Trade and Bank of America highlighted for domestic distribution.
- Multiple outlets report the company aims to file its prospectus soon for a June debut and could raise more than $75 billion, though the terms remain unfinalized.
- Advisers are discussing tailored lockup periods and a dual‑class stock to curb early selling and keep Elon Musk in control after the listing.
- Starlink, the satellite internet unit, is the financial engine, with Morningstar estimating about $10.6 billion in 2025 revenue and strong EBITDA margins.