CNBC's Deirdre Bosa reports the latest news surrounding SpaceX's IPO and reports it could allocate up to 30% of IPS shares to retail investors.

SpaceX has confidentially filed for an initial public offering (IPO) and is considering allocating up to 30% of shares to retail investors, a significant increase from the typical 5-10% seen in most IPOs. This approach follows Elon Musk's strategy at Tesla, where retail investors hold a large stake and have played a key role in supporting his leadership and compensation packages.

Industry observers note that such a high retail allocation is rare, with Saudi Aramco's 2019 IPO being a notable precedent. If successful, SpaceX's strategy could set a new standard for major tech IPOs, especially in the AI sector, as companies like OpenAI and Anthropic watch closely. The move also comes as Musk integrates X.AI and a social media platform into SpaceX, asking retail investors to commit early.

SpaceX could allocate up to 30% of IPO shares to retail investors

SpaceX now confidentially filing to go public in what would be one of the biggest IPOs ever. Reportedly expected to allocate as much as 30 percent of shares for retail. Arduino Bosa has more on that in today's tech check. Morning. Hey good morning. So Elon Musk he's selling loyalty disguised as access here and Wall Street is helping him do it. The norm is 5 to 10 percent retail allocation in an IPO. But Musk wants his following in the stock not just because they will buy but because they'll stay and the likely vote the way he wants. Now he saw this at Tesla where retail owns about 30 percent. When a Delaware court struck down his 56 billion dollar pay package and called it unfair. Retail shareholders they voted to reinstate it anyway. And then last year they approved a new one worth up to a trillion dollars. That was the largest in corporate history even over the objections of every major proxy advisors and some institutions. Now Musk wants to build that same structure into SpaceX from the jump except this time it's a company with no track record. As one source tells me if he actually needs 30 percent from retail that tells you something about the price. Now the only real precedent is Saudi Aramco which also gave retail about a third of shares in its listing back in 2019. Now that was widely understood as a loyalty play nationalistic play not a market clearing price in the stock. It went sideways for years. If you look at that across its history retail access it is a good thing when the price is right of course. But if SpaceX proves you can hold a one point seven trillion dollar valuation by loading up on retail it could also set a precedent for the other blockbuster IPOs this year. No doubt. Open A.I. and Anthropic are watching this and it could become the playbook for how the entire A.I. sector pure play A.I. sector enters public markets. Guys D. How does this all play in with X.A.I. as well in that combination from February. Well that's the interesting comparison right. Yes Tesla has a retail base that it built over time. Musk is essentially asking retail investors to get in from the get go just a few months after they folded in X.A.I. and a social media platform into essentially a rocket company. So he's asking them to maybe believe from the beginning and let him prove it which I know you guys were talking about this earlier. Certainly he has proved before but his timelines aren't always what he says they are. So it's an interesting bottom up approach versus what we've seen in the markets is growing trend over the last few years is that companies that are already public build this loyal retail base. He's essentially trying to engineer that from the beginning. And it is very different because as you rightly say Carl you're folding in X.A.I. which is losing a lot of money and a social media platform.

President Donald Trump said the U.S. is close to its war goals in Iran, aiming to destroy missile production and block nuclear ambitions. Oil prices jumped and markets fell after Trump's first address since the war began.

Washington

Iran Strikes

Middle East Conflict

Trump says U.S. nears war goals in Iran as markets slide

NASA’s historic Artemis II mission to the moon launched Wednesday evening, taking four astronauts into Earth's orbit and on a path toward the world's first crewed lunar mission in a generation, beginning a journey into remarkable territory.

Florida

Artemis II launches as NASA shoots for the Moon in historic mission

President Trump addressed the nation about the Iran war Wednesday night, saying that the U.S. would complete its mission there "very shortly." He also sought to assure Americans that the conflict with Iran would be brief compared to other wars in U.S. history and insisted that gas prices would go down quickly.

Trump says Iran war objectives 'nearing completion' in address to the nation

The first payment to Ukraine under the €90 billion loan could happen in a matter of days after Hungary lifts its veto. EU officials, however, concede the dispute will be solved only after the country goes to the polls on April 12.

Brussels

Ukraine Invasion

EU readies first payment to Ukraine as soon as Hungary lifts veto

U.S. President Donald Trump is again threatening to pull the United States out of NATO, calling European allies "cowards" for their refusal to support the joint U.S.-Israeli war against Iran.

Trump renews NATO attacks as Europe rejects role in Iran war

President Donald Trump became the first sitting U.S. president to attend a Supreme Court hearing after showing up on Wednesday (April 1) to listen to arguments on his birthright citizenship executive order.

Trump becomes first sitting president to attend Supreme Court hearing

American journalist Shelly Kittleson, who was kidnapped in Iraq, was concerned about her safety before she was taken, one of her editors tells CBS News' Chris Livesay.

Baghdad

American journalist Shelly Kittleson kidnapped in Iraq

The Artemis II mission to the moon is expected in a few hours if all goes according to plan. Linda Godwin, a retired astronaut and professor emeritus at the University of Missouri, joins CBS News with more.

Cape Canaveral

NASA's Artemis II mission set to launch

Golf legend Tiger Woods said on Instagram that he's "stepping away for a period of time to seek treatment" and focus on his health following his DUI arrest after a car crash in Florida last week. His announcement comes as court documents reveal new details about his arrest.

Jupiter

Tiger Woods seeks treatment after DUI arrest

U.S. President Donald Trump says operations in the Middle East will end in 2 to 3 weeks, but the administration wouldn't confirm if it's planning a ground invasion. Secretary of War Pete Hegseth said the U.S. prefers a peace deal, adding, 'In the meantime we'll negotiate with bombs.'

Hegseth says Iran deal preferable, U.S. will 'negotiate with bombs'

Trump targets birthright citizenship as the Supreme Court reopens the 14th Amendment battle, sparking protests and fears for U.S. identity.

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Heavy strikes hit Lebanon's capital Beirut overnight as Israel claimed it had struck a "senior Hezbollah commander" and another member of the group. Israeli Defence Minister Israel Katz said his country's military intends to occupy a swathe of southern Lebanon.

Beirut

Israeli strikes kill seven in Beirut as it vows to occupy southern Lebanon

Syria's president has met with UK Prime Minister Keir Starmer in London to discuss the return of Syrian refugees and potential British investment in his country. Ahmed al-Sharaa is trying to drum up support in Europe for Syria's economic recovery after years of conflict.

London

Syrian president Al-Sharaa meets UK PM Starmer in London

President Trump lashed out at European allies who he said haven't done enough to help reopen the Strait of Hormuz to oil tanker traffic. Weijia Jiang has details.

Trump lashes out at European allies over Strait of Hormuz

U.S. Defense Secretary Pete Hegseth has called on NATO allies to help reopen the Strait of Hormuz, which has been effectively closed by Iran during the ongoing war.

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The U.S. Supreme Court ruled on Tuesday (March 31) in the case of a Colorado law banning conversion therapy for minors. Justice Ketanji Brown Jackson was the lone dissenter.

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Spain's airspace is now closed to U.S. planes involved in attacks on Iran, a step beyond its previous denial of use of jointly operated military bases. Prime Minister Pedro Sanchez has become one of the most vocal critics of the U.S. and Israeli attacks in Iran.

Madrid

Spain closes airspace to U.S. planes involved in attacks on Iran

The FBI says the synagogue attack earlier in March was inspired by Hezbollah, targeting Michigan’s largest Jewish temple with a truck packed with fuel.

West Bloomfield Township

FBI: Michigan synagogue attack inspired by Iran-backed Hezbollah

High Representative Kaja Kallas gathered EU foreign ministers in Kyiv to honor the victims of the Bucha massacre, which has since then come to symbolize the search for justice and accountability in Ukraine.

Bucha

EU, except Hungary, vow accountability for war crimes in Ukraine

U.S. President Donald Trump has told aides that he is willing to end the U.S.-Israeli war with Iran even if the Strait of Hormuz remains largely closed, The Wall Street Journal reported, citing officials.

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A new court filing reveals defense attorneys for Tyler Robinson, the man accused of killing Charlie Kirk, claim an ATF analysis could not conclusively connect the bullet that killed Kirk to the gun Robinson allegedly used. Now the lawyers are asking to delay Robinson's preliminary hearing to review the evidence.

Salt Lake City

Questions raised about bullet used to kill Charlie Kirk

A Tehran resident told CBS News many people have given up hope that the war will help topple the regime, adding that it is "ready at any cost" to stay in power. Meanwhile, U.S. President Donald Trump has renewed threats to strike Iran's power plants.

Tehran

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Israeli Prime Minister Benjamin Netanyahu, Trump's partner in attacking Iran, said more than half of his military aims had been achieved, but both leaders refused to put a timeline on an operation that has ignited a month-long regional war and jolted global markets.

Jerusalem

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The White House said U.S. sanctions policy toward Cuba remains unchanged, even as a sanctioned Russian oil tanker was allowed to deliver fuel to the island on humanitarian grounds. The United States suspended Venezuela's oil exports to Cuba after American forces captured Venezuelan President Nicolas Maduro in early January.

Havana

U.S. says Cuba sanctions unchanged as Russian oil tanker allowed entry

About 90% of Iran’s crude oil exports leave the country via the small island in the Persian Gulf's north, much of it destined for China and other Asian markets.

Kharg

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Iran issued a warning to the U.S., against a possible ground invasion as both sides continue to launch air and missile strikes. Holly Williams has the latest.

Iran warns against U.S. launching ground operation

Millions of people protested at "No Kings" rallies across the U.S. and Europe over the weekend against the Trump administration's policies and the war in Iran. Organizers estimate at least 8 million participated in more than 3,300 protests worldwide.

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With Marines and the Army's 82nd Airborne Division amassing in the Middle East, President Trump on Air Force One wouldn't confirm if U.S. forces will head into Iran for a ground operation, only saying, "I just have lots of alternatives." It comes as members of both parties have voiced concerns.

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Israel’s parliament on March 30 passed its annual budget in a marathon overnight session, ensuring that Prime Minister Benjamin Netanyahu’s government can complete its term until the fall. The opposition slammed the budget for increasing funding to Israel's ultra-Orthodox communities at a time when the country is facing soaring costs over its war in Iran.

Knesset approves record defense spending bill

A Russian oil tanker is poised to deliver some much-needed crude oil to Cuba. The Anatoly Kolodkin is expected to dock in the western port of Matanzas imminently, according to shipping tracker MarineTraffic. This comes after Donald Trump appears to have reversed the US blockade of the island nation.

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