SpaceX is on track to raise more than $70 billion from retail investors as its debut edges toward a record‑sized offering. The company will sell 555.6 million shares at $135 each, placing the IPO at an estimated $1.8 trillion valuation. Investors expect at least 20 % of the shares to flow to retail hands for the market today and and.

Retail demand eclipses the 20 % allocation, leaving many of Elon Musk’s followers without a stake. Bloomberg math shows that, at a $75 billion offering, the shortfall would leave the bulk of individual orders unfilled. That scarcity could spark a surge once the shares hit the exchange on Nasdaq and Nasdaq Texas Friday under the symbol SPCX.

SpaceX’s filing also earmarks less than 10 % of shares for overseas buyers, with Japan’s slice bumped to $2.5 billion after a recent tweak. Leading banks—Goldman Sachs, Morgan Stanley, Bank of America, Citi and JPMorgan—will steer the deal, while other 18 institutions share underwriting duties in the U.S. stock market environment today as investors watch the IPO.

With this debut, SpaceX would eclipse Saudi Aramco’s 2019 record, cementing a new high for U.S. listings. The move also sets the stage for competitors like OpenAI and Anthropic to follow, potentially adding $3.6 trillion of market value to American exchanges and reshaping the AI‑driven tech landscape for investors today and analysts in the week.