Retail traders have been flocking to SpaceX shares ahead of the aerospace giant’s IPO, with some apparently seeking to secure loans as demand far outstrips available supply.
According to Bloomberg, some investors went beyond setting aside cash and attempted to borrow additional funds in an effort to obtain shares in Elon Musk’s rocket and satellite company.
The rush comes as SpaceX prepares for one of the most closely watched public offerings in recent years, with a valuation of around $1.75 trillion.
Teams to launch with $135 per share price for SpaceX IPO →
– SpaceX (@SpaceX) June 11, 2026
Among those seeking exposure is Anna Watts, a 33-year-old public relations executive from New York. Bloomberg reported that Watts had accumulated $6,500 for the bid and unsuccessfully sought another $5,000 from a friend and a bank. Despite the rejected loan applications, she told Bloomberg she remained committed to participating in the IPO.
Investor demand has continued to grow even as concerns surrounding the company have gained attention in recent weeks.
According to a previous report from crypto.news, Senator Elizabeth Warren urged the United States Securities and Exchange Commission to delay the offering, citing issues related to investor protection, corporate governance and valuation.
Retail demand has exceeded available stock
Bloomberg reported that investor interest exceeds the number of shares available for sale by more than four times. SpaceX has allocated approximately 30% of the offering to retail participants, a share valued at approximately $22.5 billion.
Market observers cited by Bloomberg estimate that retail demand could approach $70 billion once trading begins, highlighting the gap between available shares and investor appetite.
Many buyers appear to be motivated by Musk’s long track record of building high-profile companies. Tesla’s transformation from a niche electric vehicle maker to one of the world’s most valuable companies has encouraged some investors to view SpaceX as a similar long-term opportunity.
Others have already sought indirect exposure through investment funds holding private shares of SpaceX while awaiting broader public access via the IPO. Bloomberg reported that some investors describe the offering as a rare opportunity that they intend to hold on to for many years.
Legal and regulatory concerns remain top of mind
Beyond the excitement over the listing, SpaceX and xAI face a legal challenge related to Musk’s artificial intelligence activities.
According to a complaint filed in Santa Clara County Superior Court in California, Devin Kim, a former xAI engineer, claims he was fired after raising concerns about Grok’s security systems and pushing for additional testing procedures.
The lawsuit claims that the chatbot does not have sufficient safeguards against misinformation, bias and other harmful outcomes.
Kim seeks compensatory damages, punitive damages, attorneys’ fees, lost stock compensation and other remedies. SpaceX was drawn into the lawsuit following the recent merger between the two companies, placing the dispute under increased scrutiny just ahead of the IPO.
Despite these developments, Wall Street sentiment remained largely constructive. As previously reported by crypto.news, brokerage firm Oppenheimer initiated coverage of SpaceX with an outperform rating and assigned it a price target of $190, above the company’s expected IPO price of $135.
SpaceX is entering the public market after years of growth in commercial launch services, astronaut transportation and Starlink satellite internet operations.
As regulators, partners and legal challenges continue to attract attention, Bloomberg reported that strong demand from Musk’s supporters remains the dominant force shaping interest in the offering.
