Fidelity has announced a significant reduction in the entry threshold for retail clients to participate in the SpaceX initial public offering (IPO). Retail brokerage clients with account balances of at least $2,000 can now participate, a substantial decrease from the usual requirement of $100,000 to $500,000. This change comes as SpaceX plans to allocate up to 30% of its shares to retail investors, a notable increase from the typical 5% to 10% allocation in IPOs. Fidelity's move aims to broaden access to this high-profile offering.
Fidelity Lowers SpaceX IPO Entry to $2,000 for Retail Clients
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