Analyst Ludlow says whether SpaceX sets retail allocation at 20% versus roughly 30% is highly significant. Insiders told him management expects retail investors to be long-term holders, akin to Tesla’s retail core. Retail demand has been reported as high as $100bn, producing severe oversubscription and leaving many investors disappointed.

2026-06-12

Analyst Ludlow says whether SpaceX sets retail allocation at 20% versus roughly 30% is highly significant. Insiders told him management expects retail investors to be long-term holders, akin to Tesla’s retail core. Retail demand has been reported as high as $100bn, producing severe oversubscription and leaving many investors disappointed.