How to buy SpaceX shares as its blockbuster IPO readies for liftoff

SpaceX is poised to launch its initial public offering (IPO) this week, an event anticipated to be the largest in history. The rocket and AI company, primarily held by CEO Elon Musk, employees, and private investors, is making an unusual move by setting aside a substantial number of shares for individual investors.

Reports indicate that up to 30% of SpaceX's shares may be allocated to retail investors, a figure three times the typical allocation. This move aims to provide ordinary investors with a chance to participate in what is expected to be a blockbuster debut on the Nasdaq Composite Index under the ticker symbol "SPCX."

The company expects to price its shares at $135 each, though this price could be adjusted before trading begins. If successful, the offering is projected to raise $75 billion, significantly surpassing the $29.4 billion raised by Saudi Aramco in its 2019 IPO, which remains the largest to date. SpaceX's offering would value the company at an astounding $1.77 trillion, exceeding the market capitalization of many established U.S. corporations, including Tesla, Meta Platforms, and Berkshire Hathaway.

For retail investors eager to participate, SpaceX has outlined a process through its website. Interested individuals will need a brokerage account or a participating digital investing app. Major platforms like Charles Schwab, E*TRADE by Morgan Stanley, Fidelity Investments, Robinhood, and SoFi are facilitating access. High-net-worth individuals may also have options through their banking institutions.

Once trading commences, anyone can purchase SpaceX stock on the open market. Experts also note that investors might gain exposure through index-based exchange-traded funds or potentially even their 401(k) plans in the future. Prior to the IPO, accredited investors could access shares through private-market transactions, buying from existing shareholders like company employees.

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Your brokerage account or investing app will confirm whether you're eligible when you submit your request to participate.