SpaceX IPO Draws Interest as Analysts Urge Caution

SpaceX's expected stock market debut is generating strong interest among European retail investors, to whom the firm plans to allocate up to 30% of the offering. Such a proportion is unusually high for an initial public offering (IPO) and, according to some analysts, could represent a breakthrough in making large technology listings accessible to mainstream investors.

Interest is particularly strong in Britain, where investment platforms are registering tens of thousands of sign-ups. Experts warn, however, of significant risks.

SpaceX remains loss-making despite strong growth, and its estimated valuation of $1.75tn is considered by many analysts to be highly ambitious. Critics also point to the limited number of shares in circulation and the absence of voting rights for new investors.

Bankers say broad public participation could set a new benchmark for future technology IPOs and help revive European interest in stock market investment.

(reuters)