SpaceX IPO Could Tap Hordes of Individual Investors

A potential record-setting SpaceX initial public offering has sent Wall Street into overdrive. Main Street wants a cut of the action.

Bankers and institutional investors who talk to SpaceX executives have been debating how much the company should set aside for individual investors to buy at the IPO price—through brokerages including Robinhood, SoFi and Morgan Stanley’s E-Trade—as well as for wealthy clients who can buy directly through the banks.