European retail investors are gearing up for SpaceX's highly anticipated initial public offering (IPO), which may allocate up to 30% of its shares to individual investors across multiple countries including the UK, Germany, and France. This offering is expected to raise around $75 billion and is seen as a pivotal moment for retail investing in Europe, which has seen a decline in IPO activity since 2021. Currently, only 17% of household assets in Europe are held in financial securities, significantly lower than the 43% in the United States. Despite the excitement, experts caution that the lofty $1.75 trillion valuation of SpaceX, combined with a small float size of less than 5% and a lack of voting rights, presents considerable risks for retail investors. Platforms like Hargreaves Lansdown and Revolut are already reporting significant interest, with 35,000 clients registering for IPO alerts. However, the high valuation and the company's ongoing losses raise concerns about the potential for retail investors to accurately assess the investment's value compared to institutional investors.