SpaceX’s $86.2B IPO saw retail investors request over $100B but receive only 20% of allocations, driving an 11% initial gain to $150 and valuing the company near $2.1T. Over 25 Mangoes-themed ETFs including SpaceX filed this week, highlighting growing passive demand and index inclusion pressure.
SpaceX priced its IPO at $135 per share, raising $86.2 billion in its record offering. Retail investors submitted over $100 billion in requests but were allocated just 20% of available shares, reflecting exceptional demand yet constrained allotments for individual participants.
Shares opened at $150, marking an 11% jump, rose as much as 30% intraday and closed at $160.95 before trading around $190 midweek, highlighting early volatility. The initial trading placed SpaceX’s valuation near $2.1 trillion, making it the largest U.S. IPO on record.
Asset managers filed more than 25 ETFs this week targeting the Mangoes theme, which bundles SpaceX with other mega-cap technology and AI names. These filings underscore accelerating passive inflows and intensify discussions on potential index inclusion timing for these high-profile companies.
