SpaceX IPO for Retail Investors

11,854 Views | 156 Replies | Last: 2 hrs ago by torrid
lb3
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AG
Ghost of Bisbee said:

lb3 said:

JohnClark929 said:

lb3 said:

I'm not allowed to participate.


Why?
I grade SpaceX's homework and it would create a conflict of interest.


You'd buy the IPO if you could?

Have my COTP for 100 shares
I would love to buy 100 shares but the emails from my employer's compliance attorneys would not be very nice.

That said, I feel like the AI bubble needs to deflate and SpX reserving 30% of the IPO for retail investors is basically trying to turn SpX into a meme stock so the early investors can cash out.
LMCane
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lb3 said:

Ghost of Bisbee said:

lb3 said:

JohnClark929 said:

lb3 said:

I'm not allowed to participate.


Why?

I grade SpaceX's homework and it would create a conflict of interest.


You'd buy the IPO if you could?

Have my COTP for 100 shares

I would love to buy 100 shares but the emails from my employer's compliance attorneys would not be very nice.

That said, I feel like the AI bubble needs to deflate and SpX reserving 30% of the IPO for retail investors is basically trying to turn SpX into a meme stock so the early investors can cash out.


no doubt the earliest investors will cash out ASAP

but from what I have seen on the podcasts, most of the investors are still going to be locked up for a certain amount of time

even Elon is locked up for more than a year.

whoever gets notified they have been granted access to buy post it here so we can all check our accounts.
Kenneth_2003
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"Cash out" is probably extreme. Take some profits? No doubt. But to fully cash out would be saying they don't believe there's anymore growth within the company.

Do the deepest insiders believe that?
torrid
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LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.
TXAGGIES
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torrid said:

LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.

I dont think you have to buy it if you are allocated any
JDCAG (NOT Colin)
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Kenneth_2003 said:

"Cash out" is probably extreme. Take some profits? No doubt. But to fully cash out would be saying they don't believe there's anymore growth within the company.

Do the deepest insiders believe that?


I don't know how to even evaluate that type of thing when the price is so out of whack with the actual underlying business numbers. As others have said, it feels more like a meme stock where you're really not trying to determine how the business will do as much as, will the hype in X months allow me to get a good return on this purchase price.

TXAGGIES
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TXAGGIES said:

torrid said:

LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.

I dont think you have to buy it if you are allocated any

From Fidelity today

To be eligible for an allocation of shares in this offering, you MUST confirm your indication of interest through Fidelity.com after effectiveness and pricing. Confirmed indications are orders to buy and may be accepted in whole, or in part, or not at all by Fidelity Brokerage Services LLC. Confirming your indication of interest does not guarantee an allocation of shares in the offering.
jh0400
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Kenneth_2003 said:

"Cash out" is probably extreme. Take some profits? No doubt. But to fully cash out would be saying they don't believe there's anymore growth within the company.

Do the deepest insiders believe that?


It's less an issue of belief and more one of fund mandates. The LPs in those early funds are there for access to a specific type of investment, and the IPO is how they'll realize their returns. There is also no reason to continue to pay VC management fees to hold public shares.
torrid
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TXAGGIES said:

TXAGGIES said:

torrid said:

LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.

I dont think you have to buy it if you are allocated any

From Fidelity today

To be eligible for an allocation of shares in this offering, you MUST confirm your indication of interest through Fidelity.com after effectiveness and pricing. Confirmed indications are orders to buy and may be accepted in whole, or in part, or not at all by Fidelity Brokerage Services LLC. Confirming your indication of interest does not guarantee an allocation of shares in the offering.

Just got that.
torrid
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AG
TXAGGIES said:

torrid said:

LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.

I dont think you have to buy it if you are allocated any

But you have to commit before the market opens, don't you? You can't wait and see if there is going to be a rugpull before deciding to buy.,
BigPete3281
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I am pretty new to all this and I know very little. Hell, I might be one of the dumbest people on TexAgs...but it seems to me there are 0 reasons to get involved in this on the retail side.
TXAGGIES
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100%, it's like any other stock, its a gamble
Tex117
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AG
Just a way for middling retail investors to line the pockets of rich guys who have already captured the value years before.

Long term, anyone's guess.
GeorgiAg
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I'm going to wait for the bottom to fall out and take a look at it then. I like anything Elon is a part of, but this is way to speculative for me at this point.
He Who Shall Be Unnamed
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torrid said:

TXAGGIES said:

torrid said:

LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.

I dont think you have to buy it if you are allocated any

But you have to commit before the market opens, don't you? You can't wait and see if there is going to be a rugpull before deciding to buy.,

Supposedly (at least with Schwab), an email should come out this evening around 7:00. At that point, if you are offered shares, you have until market opens (if I recall) to accept or refuse.

My advisor there said that, as someone else said, the allocations are fairly "algorithmic", with consideration being taken for years with Schwab, total amounts under management, etc. I suppose there will be small numbers of shares that individual advisors could also distribute.

I know the word from the man on the street is that it is 4X oversubscribed. I am still conflicted on this one, will be a "game time" decision for me. I am way more interested in the Anthropic IPO, whenever that one comes out, although I do have a bit of investment in it already through PE.

Would love to hear what other peoples' decisions are once allocations are made.
MaroonStain
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AG
torrid said:

TXAGGIES said:

TXAGGIES said:

torrid said:

LMCane said:

I just checked Fidelity and it says I already registered my interest

but I can't see another screen which shows the number of shares I can get or what to do next.

just wait for an email?

For me on the Fidelity website News&Research --> IPOs takes me to the IPO offerings page. The default tab is the Offering Calendar, showing what is coming up. The tab next to it is Indications of Interest. That's where I can see my request for shares.

And I may just delete it.

I dont think you have to buy it if you are allocated any

From Fidelity today

To be eligible for an allocation of shares in this offering, you MUST confirm your indication of interest through Fidelity.com after effectiveness and pricing. Confirmed indications are orders to buy and may be accepted in whole, or in part, or not at all by Fidelity Brokerage Services LLC. Confirming your indication of interest does not guarantee an allocation of shares in the offering.

Just got that.


Me three

It's only a process Notice. That interest has been closed and effectiveness plus pricing MUST be confirmed between 7P and 12A Eastern
torrid
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AG
Critical info I am seeing on Fidelity SpaceX IPO page.:

Quote:

8. Confirm your indication of interest on the night of pricing.
You must confirm your indication of interest after the registration statement has been declared effective and the offering has been priced (usually after 7:00 p.m. ET on the night of pricing). Confirming an indication changes your indication to an order to buy shares at the offer price.
  • You can confirm or reduce your existing quantity, but you can't increase shares during confirmation.
  • You must confirm your interest to remain eligible for an allocation of shares. This doesn't guarantee you will be allocated shares.


Quote:

9. You will receive an alert once allocation has occurred. To check if you were allocated shares, go to Activity & OrdersLog In Required (login required).
Allocation will occur on the morning following pricing and is usually complete before 9:30 a.m. ET. An alert will be sent once allocations are complete, and you can check the Activity & Orders tab of your account to determine if you were allocated any shares. Your account will be debited for the purchase if you receive an allocation. IPO allocations are determined shortly after the confirmation period ends and are designed to distribute shares as fairly as possible among investors.

My reading of this, and this concerns Fidelity only.

There is no allocation in the confirmation this evening. It is just your last chance to back out if you get cold feet.

Allocation will occur tomorrow morning before open, and you may or may not get all the shares you requested. I don't know if there is a way, before the markets open, to decline the allocation. I would think not. But once the markets open, the shares are yours and hold on to your sphincters.
 
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