RT by @elonmusk: RT by @elonmusk: Fidelity has announced that it is making the SpaceX IPO available to any customer with a retail brokerage account with $2,000 or more in the account (down from up to $500k before). "SpaceX has decided to reserve a much higher percentage of the offering (up to 30%), which means there should be more shares available to retail clients, which is why we have decided to reduce IPO eligibility for this offering."

Fidelity has made a significant policy change regarding access to the anticipated SpaceX IPO, dramatically lowering the barrier to entry for retail investors. Previously, eligibility for this IPO required customers to have account balances of up to $500,000, effectively restricting access to wealthier clients. The new threshold has been reduced to just $2,000, opening the opportunity to a much broader base of retail brokerage account holders.

The reason cited for this change is that SpaceX itself has decided to allocate a substantially larger portion of the IPO — up to 30% — specifically for retail investors. Because of this increased supply of shares designated for retail participants, Fidelity determined it was feasible and appropriate to reduce its internal eligibility requirements, allowing more of its customers to participate.

The announcement was retweeted by Elon Musk, signaling implicit endorsement or awareness of the retail-friendly structure of the offering. However, the transcript also contains an error message from X (formerly Twitter), suggesting the source content may have had loading or privacy-related display issues.