Rolling coverage of SpaceX’s record-breaking initial public offering, after Elon Musk’s company is valued at $1.77tn in share offering

Marex Financial, who have handled the UK retail element of SpaceX’s IPO, have reported that just over 60% of UK investors who applied for shares have received their full allocation.

Those who wanted more than about £2,000 of shares, though, won’t get as much as they hoped.

Investors in the Retail Offer who applied for up to $2,700 (£2,013) have been allocated in full, rounded down to the nearest whole Share. Those who applied for more than this amount have been scaled back, with a maximum of 1000 Shares being allocated to any such investor.

This means 61 per cent. of investors in the Retail Offer have received a full allocation.