Insider: SpaceX reserved a record-breaking IPO allocation for retail investors.

SpaceX is preparing for a massive IPO with an unprecedented share sale program for retail investors. Elon Musk plans to open up a quarter of the shares for individual investors to subscribe. Several sources revealed that the billionaire founder hopes to make small retail investors an important group of shareholders from the start of the IPO, aligning with Musk's long-standing preference for retail investors over Wall Street institutions. One source said, "Musk's core idea is to broaden the access to investing, which is why he insists on involving retail investors." SpaceX launched its IPO website on Thursday, stating that the participation of retail investors is significant and guiding global investors to purchase new shares through the five brokerages SoFi, Robinhood, E*Trade, Schwab, and Fidelity.