Buzzy tech IPOs are overwhelming retail trading platforms

Retail investors reportedly requested $100 billion in shares. But as trading platforms strained under demand, many mom-and-pop buyers were allocated only a tiny fraction of what they asked for.

SpaceX’s IPO SpaceX signage during the closing bell ceremony at the Nasdaq MarketSite in New York, US, on Friday, June 12, 2026. [Photo: Michael Nagle/Bloomberg via Getty Images]

BY Chris Stokel-Walker

SpaceX’s initial public offering lived up to expectations, making Elon Musk the world’s first trillionaire and minting more than 4,000........

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