UK retail investors flood SpaceX IPO, with Hargreaves Lansdown alone registering 35,000 hands. The first overseas offering opens next week, giving UK firms a chance to buy into what could be the largest IPO ever. Demand reflects the company’s fame and the size of the float ahead of trading next.

SpaceX seeks up to $86 bn, valuing it at $1.78 tn. Musk plans to reserve a quarter of the float for individual investors. Eight UK intermediaries, including AJ Bell and eToro, will offer shares before the US market opens, potentially sparking a surge in retail participation and shares will see heavy interest today.

Investment trusts holding SpaceX shares have swung to premiums, lifting the average discount to single digits for the first time in nearly four years. The Schiehallion fund now trades 16.5 % above NAV, a rare move that signals strong investor appetite and could pressure the IPO price downward if oversubscribed today.

SpaceX will start trading on June 12, with pricing set on June 11. Application windows close at 7 pm Wednesday for AJ Bell and 11:59 pm for Hargreaves. Market analysts warn that post‑IPO selling pressure could dent shares, despite the historic demand and the high valuation Musk’s company commands and investors will watch closely as.