How To Get SpaceX IPO Shares Before Wall Street (With Just $2,000)

If you want to know how to get SpaceX IPO shares before Wall Street scoops them all up, Fidelity just changed a massive rule this morning. They dropped their minimum investable assets requirement, making it significantly easier for retail investors to get an allocation. SpaceX begins trading next Friday, June 12th, at the market open. Official pricing happens Thursday, June 11th. That is when brokers award the shares. You need a personal investment account open and funded by Wednesday, or you are not getting them.

The window is closing fast.

Which Brokers Give You Access to SpaceX IPO Shares?

Exactly five brokers are getting SpaceX IPO shares: Robinhood, SoFi, Fidelity, Schwab, and E-Trade. But access varies wildly depending on the platform.

Schwab is entirely off the table for regular investors. If you are not a private client, forget it. They are not giving shares to you.

Robinhood is an option, but the big retail crowd is already camped out there. Almost everybody already went to Robinhood and parked their funds. I expect massive competition on that app. Robinhood and Fidelity, I'm pretty sure, get the same number of shares. So the pool at Fidelity is going to be just slightly smaller, which increases the odds that you get an allocation.

That leaves Fidelity as your best option. One-fifth of the allocation awarded to these five brokers for regular retail investors like us is at Fidelity, and they are actively making it easier for you to get it.

What Is the Minimum Investment to Get SpaceX IPO Shares?

This rule change is designed to attract new retail business, and it is probably going to work. It gives everyday investors a direct path to participate without needing massive capital. Two grand is all you need.

Up until today, the $500,000 requirement locked most people out of the Fidelity offering. By dropping that barrier to $2,000, they made it far more accessible. For anyone researching how to get SpaceX IPO shares, this is the most important development of the week.

No IRAs, No 401(k)s

You cannot buy these shares in an IRA, a 401(k), or a health savings account. You cannot buy any IPO in those. It has to be a regular personal investment account, funded with whatever money you have sitting in your checking account, savings account, or some other broker.

I actually opened a brand new account specifically for this because I only had retirement accounts at Fidelity. If you try to select a 401(k) or health savings account during the application process, the system will not let you do it.

Step-by-Step: Fidelity IPO Access

If you want to participate, you must follow a very specific process.

1. Open a Regular Individual Investment Account

Go to fidelity.com and click the button to open an account. Select a regular individual investment account. Fill out your name, Social Security number, and date of birth. They are going to go ahead and approve the account.

2. Fund the Account Immediately

This is the important part. Wall Street brokers move slow. If you just transfer money, it will take a couple of days for the money to clear and it is going to be this whole ordeal. If Thursday arrives and you do not have the money to buy the shares you requested, they are not going to give them to you.

You have two fast funding options:

• ACH via Plaid: If you use a big bank like Chase or Wells, you can log into your bank directly through the platform, connect the account, and set up the ACH. It should clear Monday or Tuesday, no later than Wednesday. But you need to do that this weekend.
• Wire Transfer: If you use a small local bank, the Plaid option is not going to work. Hit the wire transfer option, print the page with your wiring instructions, and on Monday go to your local bank, hand them that, and send a wire transfer into your account.

I wired $50,000 into my new account last week, and it has already generated $13 in interest.

3. Submit an Indication of Interest

Once funded, search "IPO" in the top right corner of the Fidelity site. Click the quick link for the IPO calendar. You will see current offerings coming to market: Parabus, SpaceX, ELOCs, and E-Rock.

Click "participate" next to SpaceX. You must fill out an indication of interest telling them exactly how many shares you want. I requested 370 shares, which is roughly $50,000 worth. On Thursday, I will find out how many I am getting.

Submitting this indication does not guarantee you will get the shares. You might get all of your request, a partial fill, or none at all. But you must complete this step no later than Wednesday.

When Does SpaceX IPO Pricing and Trading Begin?

Space Exploration Technologies Corp. is issuing exactly 555,555,555 shares.

Typically, companies give a price range for their initial public offering, something like $130 to $150. They spend a week on a road show, pitching big institutional investors to drum up interest. Depending on how that goes, they price the IPO somewhere in that range. They try to get as much as they can.

Elon said, "We're not playing that game. It's going to be 135 bucks a share. Deal with it."

The expected pricing date is June 11th. Even though the $135 price is already fixed, Thursday is the official day the shares get allocated to accounts.

What Happens on Opening Day

SpaceX will officially begin trading on Friday, June 12th.

The stock is not going to open at $135. That price is the IPO price, what the early investors are getting. Usually just the big guys like Goldman Sachs and Schwab. Because everyone in that early group paid $135, no one is going to offer their shares for sale at less than $135 per share on Friday morning.

The stock is always going to gap up. It will open higher than $135.

Based on the float size, that could move this stock pretty vigorously, pretty quickly. But after the first couple of hours, I really do not know. This is going to be wild. We have never seen anything like this. Understanding how to get SpaceX IPO shares at the $135 price before that opening day pop is the whole game.

Selling Restrictions to Know

If you buy this IPO and do not plan to hold it for a little while, be prepared for your broker not to like you very much. Some of them will hit you with like a $50 fine if you sell it in the first two weeks. Some of them will cut you off from all future IPOs.

You are not going to jail. You are not in any big trouble. But they have that power and it is at their discretion. So just know that going in.

The Index Fund Safety Net

Unlike a typical IPO that does the initial rally, goes through the price discovery phase, and then settles down 50 to 60% over the next couple of months, you are not going to see as much of that with SpaceX. Not just because of demand, but because the major indices are changing their own rules to add this stock.

• The NASDAQ 100 changed its rules to add SpaceX to the index early, after just 15 days.
• The Russell 1000 changed its rules to add the stock to their index after just 5 days.

That is going to bring a big wave of passive indexed funds, hundreds of billions of dollars that are then forced to buy this stock, whether it trades at $2 or $2,000. So there is going to be some consistent buying support going forward.

Your Move

The path is clear. Your three best options if you do not have an account already are Fidelity, Robinhood, and SoFi. I suggest Fidelity only because they just changed this rule, and the pool there is likely to be slightly smaller, increasing your odds of getting an allocation.

Open a Fidelity individual investment account today. Wire the funds immediately so they clear before Wednesday. Submit your indication of interest on the IPO calendar.

Do not wait for standard bank transfers to clear. Wall Street is unforgiving with deadlines. If your money is not sitting in the account on Thursday when they allocate the 555,555,555 shares, I promise you are not going to get them. Now you know exactly how to get SpaceX IPO shares. Get your capital in place, submit your request, and be ready for Friday morning.