SpaceX to allocate low 20% of IPO to retail investors, below earlier expectations

SpaceX is allocating a smaller-than-expected portion of its blockbuster initial public offering to retail investors, according to a person familiar with the matter.

The Elon Musk-led company plans to direct a percentage in the low 20s of the offering to retail buyers, including international individual investors, online brokerages and private-bank clients, the person said.

The allocation is below earlier expectations that roughly 30% of the deal would be reserved for retail investors.

The allocation decisions are almost finalized and could still change, the person said.