SpaceX gives Europe retail $600 mn despite $2.5 bn demand: Report

Elon Musk-led SpaceX allocated about $600 million worth of IPO shares to retail investors in the European Union, Bloomberg reported. Demand far exceeded supply, with orders totalling nearly $2.5 billion, roughly four times the shares available. Meanwhile, customers at some of the largest US retail brokerages reportedly received at least one share each in the highly anticipated offering.

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