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Industry

With 3 million won, retail investors can buy SpaceX shares; five cautions for overseas stock buyers

SpaceX plans to sharply expand the portion of IPO shares allocated to retail investors, potentially up to 30 percent, Bloomberg reported. Subscriptions will be taken through brokers including Charles Schwab, Fidelity and Robinhood, with Fidelity allowing accounts with at least $2,000. The article flags potential oversubscription, post-listing volatility, restrictions on quick resale, historical limits of first-day gains, the company’s debt and losses, concentrated voting control by Elon Musk, and possible ticker confusion with Virgin Galactic.

Industry

SpaceX IPO: Can retail investors buy the shares? 30 percent allocation

SpaceX’s initial public offering is nearing the end of its subscription period amid surging demand, with multiple institutional investors placing orders of at least $10 billion each, foreign media reported. Total orders have reached $150 billion, exceeding the $75 billion target. SpaceX is offering 555.6 million shares at $135 each. A notable feature is a 30 percent retail allocation via online broker platforms, though eligibility varies by platform.

Crypto

Charles Schwab starts direct trading in bitcoin and ethereum

U.S. brokerage Charles Schwab has begun offering spot trading in bitcoin and ethereum to U.S. retail clients through a new platform, Schwab Crypto, for eligible investors. Clients must open a separate crypto account linked to their existing brokerage account. Charles Schwab Premier Bank will provide custody, while Paxos supports trade execution under U.S. Office of the Comptroller of the Currency oversight. Fees are 75 basis points, or 0.75 percent. The service launched nationwide except in New York and Louisiana.