12th Jun 2026 09:53
(Alliance News) - Retail investors in the UK took part in the initial public offering of Space Exploration Technologies Corp, or SpaceX, via the new 'POP operator' route.
Marex Financial offered access to the record-breaking US IPO as a POP operator, an entity authorised by the UK Financial Conduct Authority to run an electronic system to offer shares to the public. For this, Marex used its Winterflood Retail Access Platform.
Elon Musk's space and AI company offered 555.6 million shares at USD135.00, raising USD75 billion, the largest ever IPO. This gives SpaceX a starting market capitalisation of USD1.75 trillion.
Of this, 2.7 million shares were taken up by UK retail investors at a sterling price of GBP100.65, worth GBP271.4 million, Marex said on Friday.
Investors who applied for up to GBP2,013 worth of SpaceX shares were allocated in full, while those who applied for more were scaled back. As a result, 61% of investors received their full allocation, Marex said.
SpaceX shares begin trading on Nasdaq on Friday under the ticker SPCX.
By Tom Waite, Alliance News editor
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