Fidelity lowers minimum for retail SpaceX IPO access

Fidelity has announced that retail investors will need as little as $2,000 in their brokerage accounts to be eligible to purchase shares in the upcoming SpaceX IPO. This significantly lower minimum requirement, compared to the typical $500,000 or more for other IPOs, is a direct response to SpaceX's decision to allocate a larger portion of its shares to retail investors. While most companies offer 5% to 10% of shares to retail buyers, SpaceX plans to offer up to 30%. Fidelity customers meeting the eligibility criteria can submit an indication of interest (IOI) form to request shares, with a lottery system expected to be used for allocation due to anticipated demand exceeding supply. Fidelity also has guidelines regarding the immediate resale of shares, which could impact future participation. Analysts have noted that this increased retail participation could lead to more volatile trading in SpaceX stock post-IPO.