Svmuu News: Analyst Ludlow asks, “Why is it so important that the retail allocation for SpaceX was set at 20% rather than closer to 30%?” During SpaceX’s IPO process, insiders repeatedly emphasized to me that it is retail investors who are carrying out this mission. Specifically, SpaceX management believed that retail investors would hold the stock for the long term, just as the large number of retail investors who form Tesla’s core investor base have done. Demand from retail investors reached as high as $100 billion, resulting in extremely severe oversubscription. Consequently, the market is now flooded with a large number of disappointed investors. (Jin Shi)