Fidelity has announced that it is making the SpaceX IPO available to any customer with a retail brokerage account with $2,000 or more in the account (down from up to $500k before).
"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."
FYI for retail investors: If you plan to submit an indication of interest (or COTP) for SpaceX IPO shares, it's a good idea to review your brokerage's IPO flipping policy. I found some of the brokerage policies:
Robinhood:
"You can sell the shares you received through IPO access at any point in time. However, if you sell IPO shares within 30 days of the IPO, it's considered flipping and you may be prevented from participating in IPO access for 60 days. This policy applies to all IPOs offered with IPO access."
More info: https://t.co/i7UoqeW33J
Charles Schwab:
"You are free to sell shares purchased in a public offering at any time, subject to applicable law, market rules, account restrictions, and the terms of the applicable offering. For some public offerings, selling shares within a specified period after allocation may result in restrictions on your ability to participate in future public offerings through Schwab. The applicable restricted period, duration of any participation restriction, and other consequences may vary by offering and will be disclosed through the IPO Site or other offering-related materials, including the applicable registration statement. By placing or affirming a COTP for an offering subject to an anti-flipping policy, you agree to the anti-flipping policy disclosed for that offering." The restriction for a first time flipper is often 6 months, but check directly with Schwab to confirm.
More info: https://t.co/ZInVaBcEhy
Fidelity:
"As with any investment, you are free to sell the securities obtained during an IPO whenever you determine it is appropriate for you. However, if you are allocated shares of SpaceX and you sell within the first 15 calendar days from the start of trading in the secondary market, it will affect your ability to participate in future new issue equity public offerings through Fidelity for a defined period of time. The defined period is as follows:
First Flip – Blocked for 6 months
Second Flip – Blocked for 1 year
Third Flip – Permanently banned by your SSN
The first day clients can sell without being labeled a flipper is the 16th calendar day after the IPO trades."
More info: https://t.co/KuD0F1OIWT
Sofi:
"Members are able to sell securities obtained during an IPO whenever they would like. SoFi does not restrict the sale of securities on the secondary market. However, if a member sells within the first 30 calendar days post-IPO, that member will be limited in their ability to participate in future IPOs through SoFi for a defined period of time as outlined below:
Members who have obtained shares/units of an IPO through SoFi and sell within the first 30 days post-IPO are considered “flippers” and may be prevented from participating in future IPOs for 180 days upon a first violation, 365 days upon a second violation, and permanently in the event of a third violation.
In addition, SoFi may charge a $50 fee for the sales of securities obtained through the IPO process if the sales take place prior to the 120th day of trading. This fee will step down to $5 for each subsequent sale that takes place prior to the first 120 calendar days of trading."
More info: https://t.co/bDBt3DKeuq
E*Trade:
"E*TRADE may flag your account and restrict you from participating in future IPOs for a set period."
More info: https://t.co/x72mRBLG5u
NOTE: There could be special rules in place at your brokerage for the SpaceX IPO, so reach out to them directly to confirm what the IPO policies are.
Tesla drivers in Indiana can now get an up to 50% insurance discount when using FSD (Supervised), with the launch of Lemonade’s new Autonomous Car insurance program.
"Tesla FSD is twice as safe, so Lemonade takes 50% off every mile driven with FSD. The more you drive with FSD, the less you pay. As FSD versions improve, prices go down."
HW4 Tesla owners only. Expansion to other states is coming soon.
President Donald J. Trump announces the next step in the administration’s successful war on crime: the Department of Justice’s Model Cities Initiative, designed to slash violent crime and RESTORE LAW AND ORDER in major cities across America. 🇺🇸
6 states voted last night. I can tell you who won in South Dakota, Montana, and even New Jersey. But somehow, California has only counted HALF of its ballots. They’re saying it could take 10 DAYS to get any definitive results.
There is no modern Western country that runs its elections like California. France, the U.K., Australia, Germany, and even Colombia COUNT THEIR BALLOTS OVERNIGHT!
You don't have to believe in fraud to see that California has a problem. I mean, you totally could believe in fraud. Lots of fraud. Wow, those mail-in ballots take forever to come in! But you don't HAVE to. This is unacceptable.
Tesla registered 5,111 vehicles in Germany in May, up 322% from a year earlier, according to data released by Germany's Federal Motor Transport Authority.
Tesla’s sales numbers across Europe in Q2 continue to look very strong. https://t.co/C4zeHmakE8
Japan’s set to import another 800,000 third-worlders just months after an election promising to crack down on migration.
At this rate Japan will be mostly non-Japanese in just 33 years.
On the rocks
Our Glass & Chilling Stone set comes with 2 hand-blown glasses & 2 fast-chilling @Cybertruck-shaped stainless steel stones
https://t.co/Qw07diCn5n
Went to vote today for the California primaries
The guy next to me called over an election worker because his ballot didn't include the LA mayoral race
The worker checked and told him it was because his registered address was in Malibu, which is outside the City of LA
The guy then asked if he could provide another address
To my surprise, the answer was yes
So he gave the worker an LA address, they voided his previous ballot, issued a new one, and suddenly he was able to vote for the mayor of LA
How is voter ID not mandatory in all 50 states?
FROM A FRIEND IN CALI 🚨
California polling is absolutely insane.
I roll up, no Identification no ballot and ask if they can print me out a ballot. They say sure. Whats the first 3 letters of your last name and first 3 letters of your first name? Sil and Chr
They come back with Christian Silviera on Ripon rd. Easily could have said yes but didn't. Went through about 20 names until he found mine with the correct address. Prints it out and sends me to a station to fill it out. Now I guarantee there's professional voters running around this state just spitting names out and hitting up as many locations as they can. This isn't fair elections it's pure corruption.
In Florida you showed up, handed your identification over to be scanned then it was printed out and you were removed from a list. That seems a whole lot more sensible than this operation.
This IS IMPOSSIBLE, and yet, the Senate will not pass the Save America Act.
39.3% vote in…
Karen Bass had 117,579
Spencer Pratt had 86,323
42.4% vote in…
Karen Bass 130,429
Spencer Pratt 86,323
Enough is enough - a deep line needs to be drawn in the sand. Talk is weak. Britain needs to say no more, and mean it.
A Restore Britain Government, with the British people's approval, would put Vickrum Digwa to death.
Henry Nowak was stabbed by Digwa five times, including twice in the back of his legs, once in the face and a fatal wound to the chest.
Rather than calling an ambulance, Digwa filmed Henry.
Digwa gave the knife to his mother and it was found by police at their home along with more than 20 other weapons.
Keeping this savage alive serves nobody.
The police officers on the scene who allowed Henry to die will face criminal charges for gross negligence manslaughter.
Digwa's foreign family will be deported.
Laws will change, the country will change, everything will change.
Order will be restored, the law will be restored.
Britain will be restored.
I was just KICKED OUT of a SCHOOL BOARD HEARING today by dozens of MUSLIM INVADERS in Texas!!!! 😡😡
They REFUSED to let me make Public Comments about the HIJAB WEARING HighSchool PRINCIPAL named Shayma Alzubi!! 😲
(She is funded by Foreign Terrorist Organization CAIR!) ❌☪️
The West has created an utterly evil state religion where an accusation of “racism” is the gravest offense that can be committed, even worse than rape or murder!
So if police show up at a crime scene and a British boy is bleeding out and an immigrant says the British boy is racist the cops will cuff the dying British boy.
Model Y was the best selling vehicle of any kind in Australia for the month of May
Making it the first electric car in history to lead the overall AU sales charts across all fuel types
Tesla has released a Glass and Chilling Stone Set for $150, which comes with two little stainless steel Cybertruck shaped chilling stones.
• 2 x hand blown glasses (190ml/6.4oz)
• 2 x stainless-steel chilling stones
• Storage pouch for stones
Shop: https://t.co/KIEtFJEeAC
@IterIntellectus Harnessing even a millionth of the Sun’s power, which is extremely difficult, results in an economic value far more than a million times than that of Earth’s current entire economy