05:53 AM EDT, 06/05/2026 (MT Newswires) -- SpaceX plans to reserve as much as 25% of its proposed $75 billion initial public offering for individual retail investors, a potentially record allocation for a large-cap listing, the Financial Times reported Friday, citing unnamed people familiar with the matter.

Elon Musk wants retail investors to play a significant role in the company's shareholder base from the outset, reflecting his longstanding preference for individual investors over institutional funds, the report said.

The final allocation has not been determined and will depend partly on investor demand, according to the report.

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