'Ouch': These Retail Investors Wanted More SpaceX IPO Shares Than They Got -- WSJ

Dow Jones
Yesterday

By Hannah Erin Lang

In the days leading up to the SpaceX IPO, individual investors across the country placed requests for shares of the company at the listing price. Many aren't getting all the stock they asked for.

Pierluigi D'Amore, 29, said he requested 10 shares of SpaceX at the listing price of $135 a share. He got just one-and he's pretty happy with that.

"I honestly expected to get none," D'Amore said.

Social media feeds were littered with posts Friday morning from traders stating how much of their request had been fulfilled. Most reported getting far fewer shares than requested: one user said they received one share after submitting a request for 450. "Ouch," another poster replied.

Those that got a share at the listing price have already seen solid returns-SpaceX stock notched double-digit gains after it started trading around 11:45 a.m. today.

D'Amore plans to check how SpaceX stock starts trading from a sunny beach in Spain, where he's vacationing with his family. He's definitely going to buy more - "when all the euphoria is over," he added.

"The valuation right now is a little over the top, but I don't think it's going to matter in 10 or 20 years," he added. "You've got to think long-term."

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 12, 2026 12:40 ET (16:40 GMT)

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