SpaceX's massive, highly anticipated IPO is currently underway under the ticker symbol **SPCX**. In a rare move for a megacap listing, Elon Musk has reserved an unprecedented chunk of the offering (up to 30%) specifically for retail investors rather than just big Wall Street institutions.

SpaceX's massive, highly anticipated IPO is currently underway under the ticker symbol **SPCX**. In a rare move for a megacap listing, Elon Musk has reserved an unprecedented chunk of the offering (up to 30%) specifically for retail investors rather than just big Wall Street institutions.

If you want to buy shares at the **IPO price of $135** before it officially starts trading on the open market, you have to act quickly through one of the designated partner brokerages.

## 1. Choose a Participating Brokerage

SpaceX has explicitly named five primary online platforms to distribute shares to regular investors. Each has its own account minimum and eligibility rules:

| Brokerage | Minimum Requirement to Participate |

|---|---|

| **Robinhood** | No minimum account balance |

| **SoFi** | No minimum account balance (active investing account required) |

| **E*TRADE** | No minimum account balance |

| **Fidelity** | Requires a retail brokerage account with **$2,000 or more** |

| **Charles Schwab** | Requires a minimum liquid net worth of **$100,000** |

## 2. Submit an Indication of Interest (IOI)

Once you have an eligible account with one of these brokers, you need to navigate to their **IPO / New Issues** section to place your request:

 * **Request Your Shares:** You will submit an "Indication of Interest" (IOI) or a "Conditional Offer to Buy" (COB). This tells the broker exactly how many shares you want to buy at the $135 target price.

 * **Fund Your Account:** Make sure you actually have enough cash sitting in your account to cover the total cost of the shares you requested. Brokers will only consider your "funded demand."

## 3. Confirm Your Order on Pricing Night

This is the step that trips many people up. When the final IPO price is officially locked in (usually the evening before public trading begins, around Thursday night), **you must log back into your account and manually confirm your order.**

> **Important:** If you do not explicitly confirm your interest during this short evening window, your request will be canceled, and you won't be eligible for any shares.

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## 4. The Allocation (The "Lottery")

Because demand for SpaceX is incredibly high, orders are expected to heavily exceed the number of available shares.

 * Requesting 100 shares **does not guarantee** you will get 100 shares.

 * Your broker will distribute the shares the morning before the stock market opens. You may receive your full request, a partial amount, or zero shares if the broker runs a lottery due to oversubscription. Any unallocated funds will remain in your cash balance.

## Alternative: Wait for the Open Market

If you don't want to go through the pre-IPO process or don't get allocated any shares, you can simply wait until the stock officially lists on the **Nasdaq**. Once it goes live, anyone with any standard brokerage account can buy shares of **SPCX** just like any other public stock.

*Note: Be prepared for significant price volatility on day one, as investors who missed the IPO allocation often rush to buy on the open market.*

> ⚠️ **A Warning on "Flipping":** If you are lucky enough to get allocated IPO shares, brokerages strongly discourage immediately selling them ("flipping") within the first 15 days of trading. If you sell early, platforms like Fidelity will penalize you by banning you from participating in future IPOs for 6 months to a year.

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