SpaceX IPO (Page 3 of 7)
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Originally Posted By Voland: Hmm... They asked me a bunch of info, income verification, etc. What was that all about? You need to be an accredited investor to invest in private companies. Sounds like they were initiating that process as you have to prove either net worth or income to meet requirements. You don’t need to be an accredited investor to participate in an IPO because that is one of the processes by which private companies enter the public market. Fidelity’s requirements to participate in IPOs are: $100k+ assets, $500k+ assets for IPOs accessed through partners with multiple underwriters or being in Fidelity Private Client Group. |
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This is one of the better articles that puts the pieces together, rationally, logically and paints a total picture. It’s behind a firewall but one method: ChatGPT then prompt “give me 47 factual points from this article” and paste the link. Good overall breakdown. |
https://www.sec.gov/Archives/edgar/data/1181412/000162828026036936/spaceexplorationtechnologi.htm |
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Originally Posted By Procat: You need to be an accredited investor to invest in private companies. Sounds like they were initiating that process as you have to prove either net worth or income to meet requirements. You don’t need to be an accredited investor to participate in an IPO because that is one of the processes by which private companies enter the public market. Fidelity’s requirements to participate in IPOs are: $100k+ assets, $500k+ assets for IPOs accessed through partners with multiple underwriters or being in Fidelity Private Client Group. @Procat As far as the requirements, is it all of those, or any one of those? |
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Originally Posted By grendelbane: I am curious about that, too. I use E*Trade and not seen anything yet. Nothing on Fidelity’s IPO calendar either. Not sure what to make of that post. The perpetual futures market has SpaceX IPOing around $200 and they’re usually pretty accurate on things like this. I’d have to crunch the numbers but $650 would probably put them ahead of NVDA in market cap which I strongly doubt. Getting IPO shares also comes with a lock up period, you can generally sell but you’ll get a time out from participating in IPOs for a while. I cannot see any broker allowing you to set a limit sell order before allocation. |
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Originally Posted By Procat: ... but $650 would probably put them ahead of NVDA in market cap which I strongly doubt. Originally Posted By Procat: ... but $650 would probably put them ahead of NVDA in market cap which I strongly doubt. I read the other day about a 5-1 split pre-IPO... Perhaps $650 pre-split price meaning $130 IPO price? May 15 (Reuters) - A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company's board, Bloomberg News reported on Friday, citing people familiar with the matter. Shareholders of IPO-bound SpaceX were informed via email that the stock's fair market value was adjusted to $105.32 per share from $526.59 following the split, the report said. The stock split will be processed during the week of May 18 and is expected to be completed by May 22, Bloomberg reported. |
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YouTube showed this to me. Almost like they’re spying on me!  The SpaceX IPO... It's Worse Than You Think |
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Originally Posted By Waldo: I hope you guys make lots of money in the short term. I'm not even going to look at it until the 6 month lock up period ends. I am conflicted. Part of me wants to do as you do, it’s a reasonable strategy. Part of me wants to be able to tell about how I did with the IPO. Since I will likely only get a few shares, I think I know what will happen. 
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Originally Posted By Waldo: I hope you guys make lots of money in the short term. I'm not even going to look at it until the 6 month lock up period ends. What’s your thoughts since that’s not the case now? Staggered and performance lockup |
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Originally Posted By SkiandShoot: What’s your thoughts since that’s not the case now? Staggered and performance lockup Not sure. Interesting development. |
Those who ignore history are doomed to repeat it..
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Originally Posted By SkiandShoot: What’s your thoughts since that’s not the case now? Staggered and performance lockup Originally Posted By SkiandShoot: Originally Posted By Waldo: I hope you guys make lots of money in the short term. I'm not even going to look at it until the 6 month lock up period ends. What’s your thoughts since that’s not the case now? Staggered and performance lockup They’re going to get fast tracked into the indexes, forcing a massive buy from passive investors. The world’s greatest pump and dump. Elon thanks you for your 401k. Maybe. 
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Originally Posted By xerxes2695: They’re going to get fast tracked into the indexes, forcing a massive buy from passive investors. The world’s greatest pump and dump. Elon thanks you for your 401k. Maybe. It appears there is a massive appetite for passive investment without SPCX. (Which doesn’t really strike me as passive). I’m too lazy, but someone could create a very simple ETF which purchases the Nasdaq 100 or S&P 500 and then shorts the proportionate amount of SPCX. Maybe out-performs the original index, maybe doesn’t. |
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Originally Posted By xerxes2695: They’re going to get fast tracked into the indexes, forcing a massive buy from passive investors. The world’s greatest pump and dump. Elon thanks you for your 401k. Maybe. Hence why it will never be cheaper then on day 1, then after July 7th inclusion, then 6 months SnP inclusion, then tsla merger. “Market cap” valuation is archaic and is already a thing of the past. Arbitrary and means nothing. CrbS, nividia, TSLA and others prove that. Spcx will end day 1 with a “market cap” over $3t. Book it. |
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Originally Posted By SkiandShoot: “Market cap” valuation is archaic and is already a thing of the past. Arbitrary and means nothing. If you zoom out and look at it objectively, in generations past markets and companies evolved much slower than today. This caused people to come up with some "objective" way to value companies and PE ratio was simple and logical. Company does better, earnings increase, PE ratio falls, more people buy the stock due to "attractive P/E", stock price rises until PE ratio gets back to "normal" which lowers demand. The speed of business today simply outpaces that feedback loop, so I think PE ratio is inadequate to evaluate any company that is rapidly evolving. It might still be useful to evaluate long term investing in mature and stable industries but for tech, AI, or the new space race I don't think it's nearly as useful as it used to be. I'm on the fence about getting in on the IPO. The more I read the more it feels like a gamble. I'll definitely buy a small amount, but I don't know how much of the farm I will bet on it. |
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Fidelity’s IPO requirements. I have over $100k with them. Less than $500k. Am I SOL? I know the odds of being allocated any shares would be slim, but I definitely won’t get any if I don’t try. Attached File |
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Originally Posted By bkpkr: Fidelity’s IPO requirements. I have over $100k with them. Less than $500k. Am I SOL? For fidelity I think it's worth noting that $500k retail is the threshold to be a "premium client". In Fidelity's vocabulary "retail" excludes 401k accounts but does include IRAs. $1m is the threshold to be a "private client" and there are higher levels that they don't advertise (the first rule of fight club?). Seems a safe assumption that demand will exceed supply, so your "client level" and history at Fidelity will presumably be factored into their process. |
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Originally Posted By bkpkr: Fidelity’s IPO requirements. I have over $100k with them. Less than $500k. Am I SOL? I know the odds of being allocated any shares would be slim, but I definitely won’t get any if I don’t try. https://www.ar15.com/media/mediaFiles/125849/IMG_0933_jpeg-3769008.JPG Yet again the small fish can't get in on them gains. For anyone in the same boat, XOVR and BPTRX are two funds that own Space X private shares. I've been acquiring them for a while now, after a stud arfcommer put me onto it. Since I suspected I wouldn't be able to get in on the IPO. |
Callsign-ChuckYeager
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
That man is a homo and a liar-TrojanMan
Hell, a Ford just breaks down on you. It doesn't fall apart AND try to kill you at the same time-Bloodsport2885
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Originally Posted By Chromekilla: For anyone in the same boat, XOVR and BPTRX are two funds that own Space X private shares. I've been acquiring them for a while now, after a stud arfcommer put me onto it. Since I suspected I wouldn't be able to get in on the IPO. Terrible investment vehicles for the long term, their only appeal is that they make spacex shares available to everybody in a deleveraged manner. ie. if you have bptrx (which is 1/3 spacex), and spacex doubles on ipo day that would give a 1/6 increase (17%) jump in bptrx. |
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Multiple business lines, which will blossom, behind the scenes versus being in a box of just one revenue source as some companies are known for. One of the theories is the SPCX books look very messy and not promising is all the debt cleanup, mergers and acquisitions recently. Including his personal debt with Twitter and then other clean up 2 years from now, whoa baby. Things will be streamlined and big revenue annually with cleaner books. Data Infrastructure, cell network or cloud storage? Another Billion dollar contract. To the moon If any private company I would be trying to get into now on VC, it would be Star Cloud. |
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Apparently the new glen rocket that blew up was carrying 48 satellites for amazonleo - the amazon copy of starlink. I was unfamiliar with the amazon internet, so a cursory search makes it seem like it's not going well. They are behind schedule and still require a lot more satellites in orbit until they can even offer partial service. Apparently they have roughly 300 satellites in orbit, require 600 before they can offer any service, and plan for 3200 total satellites. Amazon has used ULA, blue origin, european rockets, and even a couple spacex launches to get where they are now so it's clear blue origin alone cannot support the required launch schedule. Seems like this could be a big boost to starlink in the near term. Depending on the investigation timeline and results it could also be a big long term boost to both starlink and spacex (if amazon has to turn up their nose and pay for space x to launch their hardware). |
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Saw this in an article this morning. Seems like the more restrictive Fidelity/Schwab requirements might mean you have a better chance of getting the shares you want vs competing against 87million robin hood customers who get 2 shares each? That fidelity limit is the "premium client" threshold and excludes 401k accounts. So that's a very small number of people compared to every etrade/robinhood/sofi customer. I hitched my horse to fidelity a long time ago and they're awesome, my fingers are crossed! Five brokerage firms are offering SpaceX IPO shares to their customers: Fidelity, Morgan Stanley’s E-Trade unit, Robinhood HOOD, Charles Schwab, and SoFi. ...... For Fidelity customers, the SpaceX IPO is only going to be available to brokerage customers with a minimum portfolio balance of $500,000 in regular trading accounts. ..... Schwab clients must meet “a minimum liquid net worth threshold” of $100,000 in brokerage accounts. ...... E-Trade, Robinhood and SoFi said they don’t have minimum portfolio size requirements to try to buy SpaceX at the IPO price. ....... They also all warned that investors may not receive as much, if any, of the shares they have requested. |
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Originally Posted By Chromekilla: Yet again the small fish can't get in on them gains. For anyone in the same boat, XOVR and BPTRX are two funds that own Space X private shares. I've been acquiring them for a while now, after a stud arfcommer put me onto it. Since I suspected I wouldn't be able to get in on the IPO. How about SMR and RDW? |
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Originally Posted By 346ci: How about SMR and RDW? That's a major difference from owning a fund/company that holds a significant quantity of spacex stock. |
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So how much is everybody looking to buy? I still don't know, but I think I'll swing for at least a few hundreds shares and sell calls on them ASAP. Should be fun! Elon Musk’s SpaceX is planning to set a fixed price of $135 per share ahead of officially marketing its initial public offering, a person familiar with the matter confirmed to CNBC on Wednesday. ...... The company plans to sell 555.6 million shares, implying a $75 billion offering size, according to the person, who asked not to be named because the details are private. At the $135 per share price tag, SpaceX would be valued at $1.75 trillion, which assumes the EchoStar spectrum and Cursor transactions close. Reuters earlier reported the pricing details. Musk’s company is planning to debut at the Nasdaq on June 12. |
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Originally Posted By Morgan321: So how much is everybody looking to buy? I still don't know, but I think I'll swing for at least a few hundreds shares and sell calls on them ASAP. Should be fun! Keep in mind the options chain isn’t available immediately after an IPO. I have no doubt market makers will try to get it up ASAP but I’ve seen it take a week or two before. |
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Originally Posted By Procat: Keep in mind the options chain isn’t available immediately after an IPO. I have no doubt market makers will try to get it up ASAP but I’ve seen it take a week or two before. |
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Originally Posted By Morgan321: So how much is everybody looking to buy? I still don't know, but I think I'll swing for at least a few hundreds shares and sell calls on them ASAP. Should be fun! Originally Posted By Morgan321: So how much is everybody looking to buy? I still don't know, but I think I'll swing for at least a few hundreds shares and sell calls on them ASAP. Should be fun! Elon Musk's SpaceX is planning to set a fixed price of $135 per share ahead of officially marketing its initial public offering, a person familiar with the matter confirmed to CNBC on Wednesday. ...... The company plans to sell 555.6 million shares, implying a $75 billion offering size, according to the person, who asked not to be named because the details are private. At the $135 per share price tag, SpaceX would be valued at $1.75 trillion, which assumes the EchoStar spectrum and Cursor transactions close. Reuters earlier reported the pricing details. Musk's company is planning to debut at the Nasdaq on June 12. |
Entitlements
Inhibit
Ambition
Compassion is a character flaw
Inhibit
Ambition
Compassion is a character flaw
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Originally Posted By snakesausage: At $135/share EchoStar's SpaceX holdings are damn near 100% of their market cap. Originally Posted By snakesausage: At $135/share EchoStar's SpaceX holdings are damn near 100% of their market cap. On June 03, 2026, EchoStar Corp SATS has been highlighted as the most shorted stock in the communications services sector, with a short interest of 25.64%. ..... However, the company's financial metrics reveal significant challenges, including a net margin of -97.56% and a current ratio of just 0.3, indicating potential liquidity issues. ....... Insider activity has been notably bearish..... ...... |
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Originally Posted By snakesausage: At $135/share EchoStar's SpaceX holdings are damn near 100% of their market cap. They own ~260 million shares that they paid ~$11B for that are now worth ~$35.1B. Current EchoStar market cap is only ~$35.8B I’ve held $SATS for about 3 months since it got added to the S&P. Its price action has been interesting. I believe their SpaceX equity is locked up until 2027, it’s possible the market is discounting it based on that. |
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Originally Posted By Procat: SpaceX IPO is listed on Robinhood now. Seeing screenshots of people putting in their requests. Still not on Fidelity’s IPO calendar. Just got the Fidelity email. I'm looking for the E-trade email or access. That's the route I am going . This type of information, folks requesting shares will give us huge amounts of data for the over-subscription model. Currently modeled at 20x but probably roll up to 30-40x creating a cross price of $185-$235 opening price, if not more. Edit for clarity Etrade will be our number 1 play And pressing an allocation through Fidelity and Robinhood too. |
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Originally Posted By SkiandShoot: Just got the Fidelity email. Originally Posted By SkiandShoot: Just got the Fidelity email. I'm completely undecided about how many shares to ask for! ETA info for Fidelity: I did IOI for 1,000 shares for now. You can edit the # of shares on an IOI. To change the account you must delete the IOI and create a new one. Can only participate in a single account. Apparently your IOI is a maximum number of shares and when "confirming" (presumably after close on the 11th?) you can request any number of shares that is less than or equal to the quantity you put in your IOI. I assume you must have the cash available in your account to purchase NLT the 11th? If you sell the IPO shares within 15 calendar days you are a "flipper" and will be banned from participating in IPOs for a period of time (180 days for the first offense). You must confirm your indication of interest after the registration statement has been declared effective and the offering has been priced (usually after 7:00 p.m. ET on the night of pricing). Confirming an indication changes your indication to an order to buy shares at the offer price. - You can confirm or reduce your existing quantity, but you can't increase shares during confirmation. - You must confirm your interest to remain eligible for an allocation of shares. This doesn't guarantee you will be allocated shares. |
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Looking at the fine print on Fidelity’s IPO calendar page it says retail brokerage customers with at least $2000 in assets are eligible to participate in the SpaceX IPO. Not sure what to make of all the policies and standards being changed for this. ETA There’s a lot of interesting stuff there. Looks like they’re doing a lottery if it’s over subscribed which would seem different than how they usually do IPOs as discussed earlier in this thread. |
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Originally Posted By SkiandShoot: Just got the Fidelity email. I'm looking for the E-trade email or access. That's the route I am going . You may have seen it by now, but if not go to E*Trades complete view page. There is a link about halfway down the right hand side of the page. First time I saw them do it this way. I did not receive an alert like I normally do. |
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Originally Posted By Procat: Looking at the fine print on Fidelity’s IPO calendar page it says retail brokerage customers with at least $2000 in assets are eligible to participate in the SpaceX IPO. Not sure what to make of all the policies and standards being changed for this. Originally Posted By Procat: Looking at the fine print on Fidelity’s IPO calendar page it says retail brokerage customers with at least $2000 in assets are eligible to participate in the SpaceX IPO. Not sure what to make of all the policies and standards being changed for this. From Fidelity's Space X IPO explained page: Why is SpaceX initial public offering (IPO) eligibility $2,000, but other offerings have a higher dollar requirement? Most initial public offerings (IPOs) offer retail customers only 5% to 10% of the total offering, which significantly reduces the amount of stock available to our retail clients. SpaceX has decided to reserve a much higher percentage of the offering (up to 30%), which means there should be more shares available to retail clients, which is why we have decided to reduce IPO eligibility for this offering. ETA: on to more important things... do this in a taxable account or a roth? I have taxable cash available and wouldn't need to sell anything. My roth is quite a bit smaller than my taxable account. Unsure of how much to buy, but looking at an amount that would constitute on the order of 25-50% of my roth. That's a lot of tax free eggs in one basket.... Like procat said, I'd sell a significant fraction quickly and hold some longer term provided I get more than 87 shares. |