Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP

FED:Tens of thousands of Aussies in bid for SpaceX shares

Tens of thousands of retail Australian investors are about to find out how many shares they've been allocated in the world's biggest-ever initial public offering.

SpaceX will go public on the US Nasdaq exchange on Friday, with its listing set to raise up to $US75 billion ($A106 billion) to advance Elon Musk's grandiose vision of making human life multi-planetary.

In a rare and perhaps unprecedented move, retail investors in Australia, Europe, the UK and several other countries outside the US were granted access to the red-hot initial public offering (IPO).

CommSec, the lead Australian broker for the transaction, was warning of "extremely high call volumes" earlier this week and advising customers to submit their applications online.

"We've seen very good interest across a broad, broad range of Australian investors," a source familiar with the transaction but not authorised to speak publicly told AAP.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.