🚀 A comprehensive guide is circulating online explaining how retail investors may be able to participate in a potential @SpaceX IPO through brokerages named in the company’s S-1 filing.
Key takeaways:
📈 Brokerage minimums vary dramatically:
• Fidelity reportedly requires ~$500K in assets
• Schwab reportedly requires ~$100K
• Robinhood, SoFi, and E*Trade reportedly have no formal minimum balance requirements
📝 Most platforms use a process involving:
- Submitting an “Indication of Interest” (IOI) or Conditional Offer to Buy (COB)
- Confirming the order after pricing
- Waiting to see if shares are allocated
⚠️ Important:
• Allocations are NOT guaranteed
• Retail demand is expected to be massive
• Investors may receive only a fraction of requested shares — or none at all
🏦 The filing also reportedly references major underwriters including:
Goldman Sachs, Morgan Stanley, JPMorgan, Bank of America, UBS, Barclays, Wells Fargo and others — meaning some private banking and wealth management clients may also receive access.
One notable point from the filing:
Retail investors who do receive allocations would reportedly buy at the SAME IPO price as institutions and large investors.
If this proceeds as expected, it could become one of the largest retail IPO participation events in market history.
(Not financial advice.)