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SpaceX attracted $250 billion demand despite offering only $75 billion worth shares.
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Meanwhile, retail investors may receive fewer shares as IPO demand exceeds supply significantly.
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Missing allocation confirmation deadlines could cancel approved SpaceX share requests automatically today.
One of the most-awaited IPOs of the year is finally here. SpaceX is set to begin public trading on June 12 at an IPO price of $135 per share. The offering values the company at around $1.77 trillion, making it one of the largest public listings ever.
Coinpedia news reported that the IPO attracted more than $250 billion in orders, while only about $75 billion worth of shares were available. Making this four times oversubscribed.
If you applied for SpaceX IPO shares, here’s how you can check and confirm your allocation.
How to Check and Confirm Your SpaceX IPO Allocation
Most brokerages will send an email or account notification showing whether your IPO request was approved, partially filled, or rejected.
Step 1: Confirm Your IPO Order
Before the stock starts trading, log in to your brokerage account and check the Activity & Orders section. If you previously submitted an Indication of Interest (IOI), you will usually need to confirm that you still want to purchase the shares.
For example, if you requested up to 100 shares, your broker may ask you to reconfirm that request before the final allocation is processed.
Meanwhile, failing to confirm before the deadline could result in your request being canceled.
Step 2: Check Your Account on IPO Day
On the morning of the IPO, log in to your brokerage account and visit the Portfolio, History, or Activity & Orders section.
If shares were allocated to you, they should appear in your account before or shortly after trading begins.
Step 3: Expect Partial Allocation
Due to extremely high demand, many investors may receive fewer shares than requested. Some may not receive any allocation at all.
Your brokerage will notify you of the final number of shares you received.
Investors May Receive Fewer Shares Than Expected
This is because demand for SpaceX shares has far exceeded the available supply, with the IPO reportedly oversubscribed by nearly four times ahead of its market debut.
According to recent filings, SpaceX is offering about 555.5 million Class A shares for public trading, representing roughly 4.25% of the company’s total shares outstanding.
Reports suggest that only about 30% of the IPO allocation has been reserved for retail investors, while the remaining 70% is expected to go to institutional buyers such as mutual funds, hedge funds, and pension managers.
Missed the IPO? You Can Still Buy SpaceX
If you miss the IPO allocation, you can still buy SpaceX shares once trading begins on the public market.
Once listed, the stock can be bought and sold through standard brokerage accounts just like any other public company.
- Simply log in to your brokerage account
- Search for SpaceX stock
- Choose the number of shares you want to buy.
- Place your order, and complete the transaction like any other publicly traded stock.
However, investors should be prepared for significant volatility. SpaceX futures traded on crypto exchanges have recently surged in valuation above the IPO price, currently trading at $165.
