lb3 said:

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Bocephus said:

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My main interest in SpaceX is that they are going to put data centers in space. I think that in 5 years they will have as much capacity for AI from data centers in space as we do here. Just about the same time the micro nuclear reactors go online which will solve the power supply issue here in America.

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I think you're a bit optimistic on how fast TerraFab can get up and running. There is no way Nvidia can supply that many systems.

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I thought they were planning to build a smaller plant adjacent to the Tesla Gigafactory in Austin to build some of what they needed for Tesla and Optimus (and presumably initial SpaceAI use).

There's a pilot fab they're building, but it's not going to be large enough to meaningfully contribute to that.

TXAGGIES said:

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How many shares are your going for? I assume if we "win" some shares we we can just sell some other stock to pay for it? I do not want to sell today and not get awarded any shares. On Fidelity as well.

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I don't know this with certainty, but with Schwab I believe you need cash readily available in your account for shares to be offered

Ghost of Bisbee said:

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TXAGGIES said:

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How many shares are your going for? I assume if we "win" some shares we we can just sell some other stock to pay for it? I do not want to sell today and not get awarded any shares. On Fidelity as well.

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I don't know this with certainty, but with Schwab I believe you need cash readily available in your account for shares to be offered

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I never saw anything concrete from them about that, but I would assume they would not allow you to buy IPO shares on margin, so probably a good guess they want the cash in the account.

txags92 said:

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Ghost of Bisbee said:

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TXAGGIES said:

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How many shares are your going for? I assume if we "win" some shares we we can just sell some other stock to pay for it? I do not want to sell today and not get awarded any shares. On Fidelity as well.

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I don't know this with certainty, but with Schwab I believe you need cash readily available in your account for shares to be offered

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I never saw anything concrete from them about that, but I would assume they would not allow you to buy IPO shares on margin, so probably a good guess they want the cash in the account.

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I just got a call from my Schwab advisor telling me to either have the necessary cash in place ahead of any allocation or fill out a Docusign to change the account from which I wanted to purchase shares into a margin account.

Anyone know definitively what BPTRX will use as their cost basis for SpaceX ?
Why wouldn't you buy this now?

oldarmyag95 said:

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Anyone know definitively what BPTRX will use as their cost basis for SpaceX ?
Why wouldn't you buy this now?

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1. You don't know which direction the post-IPO price will go
2. You don't know (I don't think, anyway) what, if any, lockup provisions BPTRX is subject to
3. Cost basis is irrelevant to NAV or fund price - only market price dictates value. Cost basis is only relevant to the taxation of the fund (which is netted out, in theory at least) to determine NAV.
4. I wouldn't buy this now. Mainly because I already own it, BUT, it's probably a good idea to see how the IPO goes before committing at this point. Day-trading the post-IPO stock is probably a better vehicle if you want more exposure to SpaceX.

That's my initial thoughts...

demand is hot...

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

— *Walter Bloomberg (@DeItaone) June 9, 2026

Logos Stick said:

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demand is hot...

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

— *Walter Bloomberg (@DeItaone) June 9, 2026

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Has anybody seen anything from any of the brokerages about how they plan to allocate their available shares? Will it be first come first served, allocated by size of request, or some sort of random lottery?

LMCane said:

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I just signed up on Fidelity after clicking through those 7 prospectus

no idea if I even did it correctly- I would imagine if I qualify for shares I will get an "alert" to my email

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You should been led to another screen to enter amount of shares. Once entered and saved, then they will show in the IOI tab. Have to confirm between 7pm-1130pm Thursday night

Fidelity has a 15-day flipper hold. Calendar days. If sold before 15 days, trader gets 6-month ban from IPOs

MaroonStain said:

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Fidelity has a 15-day flipper hold. Calendar days. If sold before 15 days, trader gets 6-month ban from IPOs

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Heck it'll probably still be going up in 15 days with all the hype it's getting.

MaroonStain said:

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Fidelity has a 15-day flipper hold. Calendar days. If sold before 15 days, trader gets 6-month ban from IPOs

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I did not see anything stated by Schwab. Anybody know if they have a restriction?

At first the restriction seems to make sense, but if everyone that participated in the IPO abided by that, wouldn't the only ones technically able to sell be the underwriting institution, and then the secondary buyers buying their shares?

If the only penalty is a 6-month IPO ban, I'm fine with that since I'm not likely to participate in one in the next year anyway.

txags92 said:

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Logos Stick said:

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demand is hot...

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

— *Walter Bloomberg (@DeItaone) June 9, 2026

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Has anybody seen anything from any of the brokerages about how they plan to allocate their available shares? Will it be first come first served, allocated by size of request, or some sort of random lottery?

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Firms allocate to an office and that gets spread out to the advisors. It's up to the advisor to allocate however they see fit to client accounts.

Hmmm... Should I reach out to my advisor then to give them a heads up and ask pretty please?

Monywolf said:

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txags92 said:

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Logos Stick said:

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demand is hot...

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

— *Walter Bloomberg (@DeItaone) June 9, 2026

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Has anybody seen anything from any of the brokerages about how they plan to allocate their available shares? Will it be first come first served, allocated by size of request, or some sort of random lottery?

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Firms allocate to an office and that gets spread out to the advisors. It's up to the advisor to allocate however they see fit to client accounts.

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If that is the case, I ain't getting jack. I haven't talked to anybody at Schwab since shortly after my mom died in 2018. Hopefully Schwab is using some other metrics that don't all revolve around whether you are in the personal digital rolodex of one of their advisors.

Monywolf said:

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txags92 said:

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Logos Stick said:

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demand is hot...

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

— *Walter Bloomberg (@DeItaone) June 9, 2026

---

Has anybody seen anything from any of the brokerages about how they plan to allocate their available shares? Will it be first come first served, allocated by size of request, or some sort of random lottery?

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Firms allocate to an office and that gets spread out to the advisors. It's up to the advisor to allocate however they see fit to client accounts.

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I don't think that's accurate, at least not for Schwab. This is the biggest IPO in history. I would be shocked if algorithms aren't used for majority of retail allocations.

ETA, from ChatGPT:
"If I had to guess how Schwab will handle this, I'd estimate:

* Algorithm/rules-based allocation: ~95% likelihood
* Individual advisor manually choosing retail recipients: ~5% likelihood or less

The more relevant question is not whether an advisor picks you, but how Schwab's internal allocation formula weights account size, assets, and IPO history. Schwab does not publicly disclose that formula. "

It's accurate for the wirehouses. Not sure about RIAs and independents.

fyi...

Fidelity closes today 4pm eastern on the IPO

$2k balance to get in at Fidelity

txags92 said:

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Logos Stick said:

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demand is hot...

INVESTOR DEMAND FOR SPACEX IPO APPROACHES FOUR TIMES OVERSUBSCRIBED - SOURCES

— *Walter Bloomberg (@DeItaone) June 9, 2026

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Has anybody seen anything from any of the brokerages about how they plan to allocate their available shares? Will it be first come first served, allocated by size of request, or some sort of random lottery?

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I've seen nothing for Robinhood, but I've gotten in on every IPO before this one, no issues. If it's first served, I might be screwed because I canceled my initial order - put in right off the bat - and ordered again later.