Fidelity has lowered the minimum account balance requirement for its retail customers to participate in the SpaceX Initial Public Offering (IPO) to $2,000, a significant reduction from the typical $100,000–$500,000 thresholds. This change is possible because SpaceX is allocating up to 30% of its 555.6 million Class A shares to retail investors, compared to the usual 5–10%, with an offering price of $135 per share.

To participate, eligible customers must submit an Indication of Interest (IOI) for between 1 and 1,000,000 shares; final allocations are determined by a lottery system if demand exceeds supply. Fidelity enforces a strict "flipping" rule that prohibits selling shares within the first 15 calendar days of trading. Violating this rule results in escalating penalties: a 6-month ban for the first offense, a 1-year ban for the second, and a permanent ban tied to the customer's Social Security Number for a third offense.



I thought about it but decided to pass for now.

"It is the mark of an educated mind to be able to entertain a thought without accepting it"