Retail interest in SpaceX is accelerating ahead of the company’s public debut, and some investors are reportedly trying to borrow money to increase their orders. Bloomberg said a number of buyers have gone beyond setting aside cash and sought personal loans or other financing to improve their chances of getting shares.
The rush is building around one of the most closely watched stock offerings in recent years. SpaceX is valued at about $1.75 trillion, and roughly 30% of the deal has been allocated to retail investors, representing about $22.5 billion in shares. Even so, market watchers cited by Bloomberg believe retail demand could approach $70 billion once trading opens, leaving a wide gap between supply and interest.
Retail appetite is running far ahead of available stock
Bloomberg reported that investor demand is more than four times the amount of shares available for sale. That imbalance has turned allocation into a central issue before the listing even begins. For many buyers, the attraction is tied not just to the IPO itself but to Elon Musk��s record of building companies that attract long-term market attention.
Some investors see SpaceX as a rare asset they would prefer to hold for years. Tesla’s rise from a niche electric vehicle maker to one of the world’s most valuable companies has shaped that view for part of the market. Others have already tried to gain indirect exposure by buying funds that hold private SpaceX shares while waiting for broader access through the public offering.
One investor saved cash and still looked for more funding
Bloomberg highlighted the case of Anna Watts, a 33-year-old public relations manager in New York. She had set aside $6,500 for the offering and unsuccessfully tried to obtain an extra $5,000 from both a friend and a bank. Despite those failed loan requests, she said she still intends to take part in the IPO.
The example shows how aggressive the buying interest has become. Some retail traders are not limiting themselves to available cash balances and are instead looking for leverage or borrowed funds to scale up their orders. In a heavily oversubscribed deal, that behavior can intensify attention around allocations and pricing.
Legal and regulatory pressure has not disappeared
The strong demand is arriving while SpaceX is also dealing with legal and regulatory scrutiny. Senator Elizabeth Warren had previously urged the U.S. Securities and Exchange Commission to delay the offering, citing concerns tied to investor protection, corporate governance, and valuation.
A separate dispute involves Musk’s artificial intelligence business. In a complaint filed in California’s Santa Clara County Superior Court, former xAI engineer Devin Kim alleged that he was dismissed after raising concerns about Grok’s safety systems and pushing for additional testing. The lawsuit says the chatbot lacked sufficient safeguards against misinformation, bias, and other harmful outputs.
Kim is seeking compensatory damages, punitive damages, attorneys’ fees, forfeited equity compensation, and other remedies. SpaceX was added to the suit after the recent merger between the two companies, putting the matter under sharper scrutiny just before the listing.
Wall Street sentiment remains constructive
Even with those issues in view, Wall Street has not turned negative on the deal. Oppenheimer started coverage on SpaceX with an outperform rating and set a $190 price target, above the company’s expected IPO price of $135.
SpaceX is entering public markets after years of expansion in commercial launch services, astronaut transportation, and Starlink satellite internet operations. Bloomberg said that, despite attention from regulators, lawmakers, and the courts, demand from Musk supporters remains the main force driving interest in the offering.