As the Elon Musk-led commercial space flight giant SpaceX gears up for its IPO, here’s how you can participate in the listing via platforms like Robinhood Markets Inc. (NASDAQ:HOOD), E-TRADE and SoFi Technologies Inc. (NASDAQ:SOFI).

SpaceX IPO: What Retail Investors Need To Know

According to a Reuters report in March that cited anonymous sources familiar with the matter, SpaceX was reportedly mulling allocating up to 30% shares for retail investors, which, according to the report, was over three times the typical size of a retail offering.

SpaceX, in its prospectus, said that in addition to the retail allocations of shares via the IPO, the company will also be offering a certain amount of shares via platforms like Charles Schwab & Co. Inc. (NYSE:SCHW), Fidelity Brokerage Services LLC and Fidelity Capital Markets, in addition to Robinhood and Sofi.

Robinhood and Sofi

In a post on X on Sunday, influencer and Tesla investor Sawyer Merritt shared information about the terms and conditions for investing in the IPO via the listed platforms in the prospectus.

For Robinhood and Sofi, there was no minimum account balance required to participate in the IPO. However, Robinhood users participating must have enough balance to cover the amount of the shares requested by the users and have an individual brokerage account.

Read Also:

Elon Musk Says Starlink Will One Day End Up Becoming The Internet And 'Everything Else' Will Just Connect To It: Here's Why The ...