Retail investors rushed into SpaceX after its public debut, buying more of the rocket company’s shares in three sessions than they bought of the Magnificent Seven combined.

The stock began trading publicly on June 12 after SpaceX priced its IPO at $135 a share, raising $75 billion in the largest public offering on record. The deal valued Elon Musk’s rocket and satellite company at about $1.75 trillion before its first public trade.

Vanda Research data cited by MarketWatch showed retail investors bought about $369.8 million of SpaceX shares over the first three trading sessions. That was more than their combined purchases of Apple, Amazon, Nvidia, Microsoft, Alphabet, Meta, and Tesla over the same period.

The buying started immediately. Reuters reported that retail investors bought $117.6 million of SpaceX shares on Friday alone, making it the most purchased single stock by individual investors that day.

The demand was unusually concentrated. MarketWatch reported that SpaceX accounted for 56% of all single stock retail equity purchases on its debut day, while broader retail buying across the market remained subdued.

SpaceX shares quickly moved above the IPO price. The stock traded around $193 after the first few sessions, about 43% above the $135 offering price.

The retail allocation helped fuel the frenzy. Reuters reported that individual investors received about 20% of the IPO allocation, far above the usual 5% to 7% range for retail buyers in large offerings.

The surge has made SpaceX the center of the retail market almost overnight. Investors who had spent years chasing Tesla, Nvidia, and other mega cap technology names shifted attention toward a newly public company combining rockets, satellite internet, defense contracts, and AI infrastructure ambitions.

The rally has also revived debate over whether the Magnificent Seven label still captures where market attention is moving. Some analysts have started floating broader baskets that include SpaceX alongside other frontier technology companies.

Crypto platforms tried to capture that demand before the IPO. Binance, Bybit, and Bitget canceled tokenized SpaceX campaigns after xStocks could not secure enough underlying shares, forcing refunds for users who had subscribed for onchain exposure.

The failed tokenized campaigns showed the same pressure point as the IPO itself: demand for SpaceX shares far exceeded available supply.