NEWS: Fidelity is opening the SpaceX IPO to any customer with at least $2,000 in a retail brokerage account, down from as much as $500,000 for previous offerings.
The reason, per Fidelity's own FAQ, is that SpaceX reserved up to 30% of the offering for retail investors. Typical IPOs set aside just 5% to 10%.
Customers can request anywhere from 1 share to 1 million shares. If demand outruns supply, Fidelity will run a lottery to spread allocations as fairly as possible.
One warning for flippers. Selling allocated shares within 15 days of trading brings a 6 month ban from future IPOs at Fidelity. A second flip brings 1 year. A third is permanent.
🚨 do you understand what just happened with the SpaceX IPO..
Fidelity quietly dropped its minimum account requirement from $500,000 to $2,000 - a 99.6% cut that lets millions of small retail investors in days before the biggest stock debut in history.
The catch is who they need to sell to.
- SpaceX reserved up to 30% of the offering for retail, far above the usual single-digit share
- Selling within the first 15 days triggers Fidelity penalties up to a permanent IPO ban
- At a ~$1.675T pre-money valuation this IPO creates more exit value than every VC-backed IPO of the last decade combined
- The xAI side lost $6.4B from operations in 2025, dragging a Starlink-powered company billions into the red
They opened the gates right when the smart money needs someone to sell to. Read the prospectus before you become it.
Pokémon Company banning the sale of graded cards at official events is honestly one of the clearest signs yet that they want distance from the secondary market.
But let’s be real for a second…
Do Pokémon cards become a global phenomenon without:
rare chase cards?
expensive grails?
PSA slabs?
people flexing collections?
massive secondary market sales?
Probably not.
A huge part of what keeps older collectors, investors, breakers, content creators, and even casual fans engaged is the fact that the cards actually hold value outside the pack.
You can love the hobby AND admit the secondary market helped turn Pokémon into a cultural monster.
No value = way less hype.