When SpaceX went public on June 12, 2026, it marked one of the largest IPOs in US history, raising approximately $75 billion. Retail investors were eager to get a piece of the action, and between 20% and 30% of the total shares were allocated to individual buyers through platforms like Robinhood and Fidelity.
This unusually generous slice of the offering led to a frenzy among retail investors, who submitted over $70 billion worth of orders. To put that in perspective, the entire IPO raised roughly $75 billion, meaning individual investors essentially tried to buy the whole thing.
The numbers behind this frenzy are staggering: retail net purchases of SPCX hit approximately $93.8 million in a single session on June 15, representing roughly 73% of all retail single-stock purchases across the entire US market that day. This suggests that nearly three out of every four retail dollars flowing into individual stocks went to one company.
The trading volumes in the first sessions reflected this momentum, with online forums and investor communities filled with discussions about holding strategies, lock-up periods, and flipping restrictions. The absence of any digital asset or token involvement in the SpaceX event is also notable, as retail investors have historically moved capital between high-growth equities and crypto based on where the excitement is.