SoFi Customers Get SpaceX Shares in $86.2B IPO with 20% Retail Allocation
SOFI•SoFi customers received at least one share in SpaceX’s $86.2 billion IPO, which allocated roughly 20% to global retail investors. Demand exceeded $100 billion, and SpaceX shares rose 43% above the $135 IPO price by the second trading day.
1. Retail IPO Allocation
SpaceX’s $86.2 billion IPO allocated roughly 20% of shares to global retail investors, who placed over $100 billion in orders, while the stock jumped 43% above its $135 IPO price by the second trading session.
2. SoFi’s Role as a Retail Broker
SoFi Technologies was listed in the IPO prospectus as an eligible retail broker, ensuring that all qualifying SoFi customers received at least one share in the offering alongside customers of Robinhood, Charles Schwab and Fidelity.
