Key Facts

here’s where traders can invest in spacex’s ipo

In its SEC filing, SpaceX said allocated shares for retail investors would be made available through Charles Schwab, Fidelity, Robinhood, SoFi Technologies and Morgan Stanley’s E*Trade. Fidelity, which has historically required a minimum of $100,000 in brokerage accounts to invest in an IPO, lowered its minimum to just $2,000. Fidelity noted demand will likely be “significant” and said customers can alert the brokerage of interest in purchasing a minimum of a single share, up to a maximum of 1 million. Schwab requires a brokerage account balance of at least $100,000, while neither Robinhood, SoFi nor E*Trade states a minimum amount is required. It’s not immediately clear how many shares will be distributed across each. Fidelity said it would not consider the size of an investor’s indication of interest when allocating IPO shares, only that investors won’t receive more shares than they request. SoFi and Robinhood said stock allocations may be disallowed or limited for customers who participated in earlier IPOs and sold shares within 30 days of the offering.

these analysts warn against early spacex trading

Morningstar analysts, in a Monday note, wrote that SpaceX is “significantly overvalued” and argued investors could buy the stock at “more attractive levels” following its IPO. The analysts said most of SpaceX’s market value relies on its success in developing technologies they claimed are “novel and untested,” with SpaceX likely incurring “significant” spending costs over several years. Truist analysts warned of potential volatility with SpaceX, citing the stock’s exposure as a “key factor” for its early trading period. “Big Short” investor Michael Burry, in a Substack post over the weekend, wrote that there was “nothing” in SpaceX’s IPO filing to suggest the company is worth $1 trillion, “let alone $2 trillion.” Other analysts have expressed concerns about volatility surrounding SpaceX’s stock listing, including PitchBook’s Franco Granda, who wrote in March that shares may trade similarly to Tesla “on steroids” (Musk-led Tesla is notoriously volatile among mega-cap stocks). Jay Ritter, a finance professor at the University of Florida, told Forbes that SpaceX’s stock will likely be influenced by the “Elon Musk effect,” which will likely boost demand for the IPO while adding long-term volatility tied to Musk. Long-term trading in SpaceX could also come with additional risks, Ritter said, noting there was “substantial downside potential” in part because Musk will have substantially more voting power than other shareholders.

how well have other ipos performed?

IPOs have been volatile in recent years, and debuts last year underperformed the S&P 500, gaining 13.9% over the year compared to the index’s 16% growth, according to FactSet data. Companies listing this year through April raised the most through share sales since Q1 2021, Reuters reported. Morgan Stanley wrote that after the IPO market was marred by market volatility and higher interest rates in recent years, it’s expected to build throughout 2026 amid broader investor engagement.