Musk weighs 30% retail allocation for SpaceX IPO, targets ~$1.75T valuation

Reports say Elon Musk is discussing how to structure the SpaceX IPO by allocating up to 30% of shares to retail investors. The idea is to tap Musk’s loyal fanbase to support post-listing share-price stability. In US IPO practice, companies typically offer only 5%–10% to retail investors (often with fewer constraints like lock-ups). If SpaceX demand materializes, total funding could reach about $70–$75 billion, implying a valuation near $1.75 trillion. Market commentary highlights expected strong retail appetite, including support from wealthy family offices and smaller investors. The article also notes Saudi Aramco’s 2019 IPO as the prior local-market record ($29 billion) for context. For crypto traders, this is not a direct crypto catalyst. However, a high-profile SpaceX IPO can shift tech-equity sentiment and risk appetite, potentially affecting overall market volatility and flow. Separately, the coverage mentions job cuts at X after removing CMO Angela Zepeda, with remaining staff focused on revenue, alongside expectations for ad revenue growth. This adds to the broader “Musk ecosystem” narrative, but still without a direct token linkage.