Fidelity Lowers SpaceX IPO Minimum to $2,000 as Retail Allocation Widens

Fidelity Investments lowered the account minimum for retail clients to participate in SpaceX’s initial public offering to $2,000 this week, from prior thresholds of $100,000 or $500,000, depending on the offering. The change ahead of the June 12, 2026, listing comes as SpaceX (SPAX.PVT) allocates up to 30% of the record-setting IPO to individual investors, a share significantly above the industry norm of 5% to 10%. SpaceX plans to offer shares at $135 each, targeting a valuation of nearly $1.8 trillion, which would make it the largest IPO ever. The company will begin trading on two major indexes within days of its debut, extending exposure to passive funds and retirement accounts. Financial advisers cautioned that broad access does not guarantee sound value. Morningstar analysts this week pegged SpaceX’s fair value at $780 billion, citing heavy capital commitments, operating losses, and key-person risk tied to Elon Musk. Fidelity also imposes a 15-day selling restriction on IPO shares, with penalties for “flippers,” locking in buyers during potential early volatility.