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How Retail Investors Are Buying SpaceX Ahead of the IPO

SpaceX isn't public yet, but this week major brokerages started offering retail investors direct access to the company's shares through pre-IPO placement programs. Lucas and Luna break down how the structures work, what the terms typically look like (lock-ups, fee layers, valuation floors), and whether this is a genuine democratization of private markets or a new way for platforms to earn placement fees. They anchor the discussion in SpaceX's estimated $180 billion valuation and the 2026 IPO timeline, then connect it to the broader trend of retail investors chasing alternative…

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