SpaceX’s IPO is attracting a wave of retail buyers who view the launch as a chance to own a piece of Elon Musk’s next venture. Anna Watts, 33, has already shelved $6,500 to purchase shares and vows to buy more if possible. Her story echoes thousands who see the company as a high‑growth bet.

The company plans to raise about $75 billion, potentially the largest IPO ever. Musk is allocating 30% of shares to retail, triple the usual IPO split, fuelling demand that exceeds supply by more than four times. Investors like Bryan Mitchell and Danny Araújo Mota are ready to pour thousands, driven by faith in Musk’s vision.

Yet the valuation rests heavily on speculative ventures such as Starlink and xAI, with annual revenue around $19 billion—comparable to discount retailers. Analysts warn that past Musk projects have struggled to meet targets, and SpaceX’s stock may mirror Tesla’s high price‑to‑earnings ratios. Retail enthusiasm could inflate the price before fundamentals catch up.

The frenzy reflects a broader trend where retail investors chase high‑profile tech names, often overlooking risk. SpaceX’s IPO could set a new benchmark for retail participation, but the company’s future growth hinges on successful satellite deployment and AI development. Until those milestones materialize, the stock’s trajectory remains uncertain.