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Retail investors get direct access to SpaceX IPO through major brokerage platforms
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- Retail investors are getting a shot at one of the hottest IPOs in years.
- The move marks a departure from the traditional IPO process, where retail investors often receive limited allocations and typically end up buying shares only after trading begins, sometimes at sharply higher prices.
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Retail investors are getting a shot at one of the hottest IPOs in years.
Elon Musk's Space X said a portion of shares in its blockbuster public offering will be sold directly through trading platforms including Robinhood, Fidelity and Charles Schwab, giving everyday traders access that has traditionally been reserved for Wall Street's biggest clients, according to a prospectus with the Securities and Exchange Commission released Wednesday.
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