SpaceX(SPCX.US) breaks record with IPO attracting global frenzy, with European retail investors subscribing nearly $2.5 billion. However, they were allocated less than 1%.

Despite SpaceX setting the record for the largest initial public offering (IPO) in U.S. capital market history, individual investors in Europe received a relatively limited share in this capital feast. According to sources, SpaceX ultimately allocated about $6 billion in stocks to individual investors in the European Union, Norway, and Switzerland, accounting for less than 1% of the $75 billion IPO financing. Data shows that European retail investors' enthusiasm for subscribing to SpaceX remains very high. Sources said that the total amount of subscription orders submitted by retail investors in Europe was close to $25 billion, about four times the final allocation size. This means that a large number of investors did not receive sufficient allocations, and some investors did not receive any allocation at all. In order to complete the largest IPO in history, Musk and his team actively attracted individual investors worldwide to participate in the subscription. According to previously disclosed prospectus documents, SpaceX specifically launched a new stock issuance plan in the European market with a maximum size of up to $7.5 billion, covering countries such as Denmark, France, Germany, Norway, Spain, Sweden, and Switzerland. However, the actual allocation of shares to European retail investors was much lower than the reserved quota. Sources said that the reason the company reserved a larger amount was mainly due to regulatory and issuance process considerations. If the subscription demand in Europe exceeds expectations, SpaceX does not need to update the local prospectus, thereby avoiding affecting the overall IPO schedule. According to the prospectus, if the reserved shares in the European region are not fully taken up, the remaining portion can be reallocated to investors in other regions. In the end, the vast majority of shares still flowed to U.S. and other major market institutional investors. It is worth noting that the market situation in the UK is different from that on the European mainland. Due to a separate issuance arrangement in the UK, investor enthusiasm is even higher. Earlier reports indicated that UK individual investors submitted nearly $1 billion in subscription orders. Ultimately, UK retail investors received about $364 million in stock allocations. In terms of the subscription size and allocation ratio, UK investors received a significantly higher allocation ratio than the European mainland market. Analysts believe that this reflects a more concentrated interest in SpaceX in the UK market, while the UK capital market has a relatively higher acceptance of technology growth stocks. In fact, European retail investors are just a part of the global frenzy for SpaceX. According to previously disclosed data, the total subscription size for this IPO surpassed $350 billion, more than four times the issuance size. Institutional investors submitted subscription orders exceeding $250 billion. Large institutions such as BlackRock, Inc., the Public Investment Fund of Saudi Arabia, and the Kuwait Investment Authority participated in the subscription. Meanwhile, global retail investors collectively submitted subscription amounts exceeding $100 billion. Market insiders point out that as one of the most closely watched IPOs globally in recent years, SpaceX has not only attracted traditional institutional funds but also a large number of Musk supporters and technology growth stock investors to participate. Last Friday, SpaceX officially landed on the Nasdaq market. The company completed the issuance at $135 per share, raising $750 billion, with an estimated valuation of about $1.77 trillion, setting a new record for the largest IPO in U.S. capital market history. On the first day of trading, SpaceX's stock price surged by 19%, closing at $160.95, with the company's total market value exceeding $2.2 trillion. With the soaring stock price, Musk's personal wealth also exceeded the $1 trillion mark, becoming the world's first "trillionaire" in history. Analysts believe that although the allocation ratio for European retail investors in this IPO is relatively limited, in terms of subscription interest, SpaceX has become one of the most sought-after new stocks by individual investors globally in recent years. In the future, as the company officially enters the public market trading stage, its prospects for development in commercial spaceflight, satellite internet, artificial intelligence infrastructure, and other fields will continue to attract global capital attention.