I just spoke with Charles Schwab about the @SpaceX IPO. Schwab is one of a handful of brokerages selected by SpaceX to allocate IPO shares to retail investors.
If you have an account with Schwab, hereβs how to prepare for the SpaceX IPO:
1) You first need to opt into IPOs from the Trade > IPOs page on Schwab's website.
2) After you've opted in and the IPO shows on the page, you can submit an Indication of Interest. The indication of interest will be able to be submitted when the Roadshow period begins for the stock. This is currently expected to be early June.
3) You need to have minimum $100,000 in total balance to be eligible to participate in the SpaceX IPO share allocation.
Schwab still doesn't know how many shares will be allocated to their brokerage at this point since SpaceX will be the one to decide that in the coming weeks. Just be prepared to check back on the IPO section of Schwab's website. Additional info will come later.
Lastly, donβt be surprised if you receive fewer IPO shares than you requested (if any at all). Demand for the limited number of available IPO shares will almost certainly be extremely high, and these participating brokerages will only get a certain sized allocation of shares to offer to retail investors, so it'll likely be tough to accommodate everyone. The best thing you can do is to just be prepared.
Note: SpaceX specifically stated in their S-1 filing that any purchase of their Class A common stock in this offering through these platforms will be at the same IPO price, and at the same time, as any other purchases in this offering, including purchases by institutions and other large investors, which means any retail investors that are lucky enough to get allocated some SpaceX IPO shares will pay the same price as the big guys.
Michael Phelps won 23 Olympic gold medals using a mental technique most athletes ignore:
"The biggest thing that really separated me through my career was my mental game. Everything that was in between my ears."
Michael explains how he used visualization:
"When I would visualize, I'd visualize every single thing getting up to a meet, probably a month or so in advance. What could happen. What I want to happen. And what I don't want to happen. Because when it happened, I was prepared for it."
He describes the goal:
"When I got to a swim meet, there's nothing I can control at that point except what I do. I can't control what anybody else does. So I want to know how the race could go, how I don't want the race to go, and in a perfect world, how the race should go. So I could get behind the block and not have to think about anything."
His coach Bob Bowman reveals how they trained this skill:
"When Michael was young, I gave his mom a book of progressive relaxation. Before he'd go to bed at night, she would read this progression of things: clench your fists, work through your whole body. He got so good she'd just open the book, say two things, and he'd be asleep."
Bowman explains why visualization works:
"The brain cannot distinguish between something that's vividly visualized and something that's real. By the time Michael steps up on the block at the Olympics, he's swum that race hundreds of times in his mind. All he has to do is shut everything down and it goes on autopilot."
Michael adds the key detail most miss:
"When I would visualize, it would be what you want it to be, what you don't want it to be, what it could be. So you're always ready for anything. If I have a suit rip, fine, I need another suit, put it on. Any small thing that could go wrong, I'm ready for."