Fidelity Lowers SpaceX IPO Minimum Account Requirement from $500,000 to $2,000

BlockBeats News, June 5th, according to the official website, Fidelity has confirmed that for the SpaceX IPO (stock code SPCX), it has significantly reduced the participation threshold: customers only need to have $2,000 or more in assets in their retail brokerage accounts to submit a subscription intention.

It is reported that Fidelity's special reduction to $2,000 for SpaceX this time is mainly because SpaceX plans to allocate up to 30% of the shares to retail investors (much higher than the usual IPO's around 10%), making the share supply more abundant.