Elon Musk’s SpaceX has been on a wild ride post-IPO. Should you try to get on?

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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).

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This time, every eligible customer who put in a request through Robinhood, Charles Schwab, Fidelity and SoFi got at least one share of SpaceX's record $86.2 billion offering (3).

SpaceX set aside up to 30% of the

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/elon-musk-spacex-wild-ride-132329542.html)