Key facts
- Japanese investors sought over 1 trillion yen ($6.2 billion) in SpaceX shares.
- Japanese investors were allocated $2.2 billion worth of SpaceX shares.
- Retail investors constituted the majority of demand for SpaceX shares in Japan.
- SpaceX's global IPO raised $75 billion, with total investor demand reaching $250 billion.
- Mizuho Securities saw a fourfold increase in customer account applications in early June.
Japanese investors expressed strong interest in SpaceX's record-breaking initial public offering, with demand exceeding 1 trillion yen ($6.2 billion), according to sources familiar with the offering. The majority of this demand originated from retail investors. Ultimately, Japanese investors were allocated $2.2 billion worth of shares in the IPO, which saw global demand reach $250 billion against a total fundraising of $75 billion.
Mizuho Securities, the sole Japanese underwriter, reported that over 1,000 of its customers sought allocations exceeding 100 million yen ($624,500), with some individual investors aiming for more than 10 billion yen. The firm also noted a fourfold increase in customer account applications during the first third of June compared to the previous 12-month average.
SpaceX, an American spaceflight and telecommunications company, reserved up to 30% of its IPO allocation for retail investors. The company's founder, Elon Musk, retains significant control. SpaceX reported $18.67 billion in revenue for 2025 but incurred a net loss of $4.937 billion for the same year, partly due to the retrospective inclusion of its acquisition of xAI.