In a major boost for retail investors, rocket builder Relativity Space is set to allocate up to a quarter of its highly anticipated $75 billion initial public offering (IPO) to individual investors. The move is seen as a significant step towards democratizing access to the lucrative space industry, which has traditionally been dominated by institutional investors and large corporations. Relativity Space, founded by Tim Ellis in 2015, has gained attention in recent years for its 3D-printed rockets and ambitious plans to revolutionize the space industry. By offering a significant portion of its IPO to individual investors, Relativity Space is likely to attract a new wave of enthusiasts and supporters to the company's mission.
Up to a quarter of the rocket builder’s $75bn float will be set aside for individual investors