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Elon Musk is planning an unprecedented move for retail investors in the SpaceX IPO:
Elon Musk is considering allocating up to 30% of SpaceX’s IPO to retail investors, far above the typical 5% to 10%, per Reuters.
Under this plan, @ElonMusk looks to "tap loyal fans" in the upcoming IPO which could exceed $1.75 trillion in valuation.
The plan includes a hands-on approach to banks, assigning firms specific roles rather than broad competition.
Bank of America is expected to lead US retail distribution, alongside firms like Morgan Stanley and UBS.
The biggest IPO in history is prioritizing retail.