Elon Musk’s SpaceX is set for the largest IPO in stock market history today — and individual investors will really be able to get in on the action.
SpaceX is aiming for individual investors to purchase 30% of its shares, much larger than in a typical offering. But demand is expected to be massive, too. If you’re interested, you’ll want to buy as soon as possible.
Here are three great places where you can buy a piece of SpaceX today.
1. Fidelity: Best for everyday investors
At Fidelity, investors with as little as $2,000 in their accounts can snag shares of SpaceX in the IPO — down from account minimums of $100,000 or more that Fidelity has for other offerings. That’s a huge reduction, and it opens the door for a lot of investors who’d normally be locked out of a deal like this.
You should also know that given demand, Fidelity will likely use a lottery system to allocate shares.
Fidelity’s anti-flipping policy for the SpaceX offering applies for 15 calendar days. Selling within that window counts as flipping, and can restrict your ability to participate in future IPOs. A second offense bumps that to a year; a third makes it permanent. That’s worth keeping in mind before you commit.
2. E*TRADE from Morgan Stanley: Best for a trusted Wall Street platform
E*TRADE is owned by Morgan Stanley, which is one of the lead underwriters on the SpaceX IPO. No guarantees here, but that could mean E*TRADE has more access — or easier access — to the stock.
There’s also no account minimum to participate in the SPCX offering through E*TRADE. That’s a lower bar than Fidelity or Charles Schwab, which means it’s another great option for investors without tens of thousands in the bank.
E*TRADE warns that it may flag or ban “flippers” from future IPOs for a set period, so the same caution about selling early applies here.
3. Charles Schwab: Best for big-time investors
Charles Schwab requires investors to have at least $100,000 in their accounts in order to be eligible for the SpaceX IPO. That rules out a lot of people — but if you’re already a Schwab customer above that threshold, you could have easier access to SpaceX than those using other brokerages.
The Schwab platform is rock-solid and the experience is clean. It’s not the right fit if you’re building a portfolio from scratch, but if SpaceX is one part of a larger investing strategy, Schwab could be a fit for you.
Schwab also has restrictions against flipping, so once again: A buy-and-hold strategy is best here.
Which broker for SpaceX stock is right for you?
If you’re newer to investing or working with a smaller account, Fidelity or E*TRADE are your best bets — both have low minimums and solid reputations, and either one gets you in the door without needing a huge account balance.
Schwab, on the other hand, is a good choice if you’re already above the $100,000 threshold and want to keep all your holdings in one place.
Whichever platform you choose, I’d recommend going in with a plan to hold. The anti-flipping windows vary by broker, but selling early carries real consequences across all three. SpaceX probably makes the most sense as a long-term investment, anyway.
And if you’re still figuring out where to invest more broadly, our list of the best brokerage accounts for everyday investors is a good place to start.
