Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAditi GangulyThu, June 25, 2026 at 3:23 PM GMT+2 11 min readMoneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.If you asked your brokerage for a piece of the SpaceX initial public offering (IPO) on June 2, you probably got one, just not the size you were hoping for.That alone makes this deal strange. On a typical hot IPO, an estimated 95% of the shares go to large institutions such as banks (1), leaving everyday investors to buy in only after trading opens, often at a higher price, according to estimates from Jay Ritter, a University of Florida finance professor who tracks new listings (2).Top PicksDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake —