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Which Brokers Might Offer Shares in the SpaceX IPO?

A SpaceX IPO is expected this summer, and could be the largest IPO ever. But a report suggests that it will only be available through certain brokers.

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Published in

Lead Writer

Sam Taube writes about investing for NerdWallet. He has covered investing and financial news since earning his economics degree from the University of Maryland in 2016. Sam has previously written for Investopedia, Benzinga, Seeking Alpha, Wealth Daily and Investment U, and has worked as an editor for Investment U, Wealth Daily and Haven Investment Letter. He is based in Brooklyn, New York.

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Chris Davis is a Managing Editor on the Investing team. He has passed the Series 65 (Uniform Investment Adviser Law Exam) and covered the stock market, investing strategies, investment accounts and cryptocurrency. His work has appeared in The Associated Press, The Washington Post, MSN, Yahoo Finance, MarketWatch, Newsday and TheStreet.

Published in

Managing Editor

Chris Davis is a Managing Editor on the Investing team. He has passed the Series 65 (Uniform Investment Adviser Law Exam) and covered the stock market, investing strategies, investment accounts and cryptocurrency. His work has appeared in The Associated Press, The Washington Post, MSN, Yahoo Finance, MarketWatch, Newsday and TheStreet.

The biggest initial public offering in history is expected to happen this summer. But will you be able to invest in the SpaceX IPO?

Maybe. It might depend on which broker you use. But also, should you buy SpaceX shares, or any shares in an IPO for that matter? That’s a trickier question.

What’s the deal with the SpaceX IPO?

SpaceX is the world’s largest space company in terms of launch activity, and performed roughly half of all orbital launches worldwide in 2025. It’s also the parent company of xAI, a technology company which in turn owns the Grok AI chatbot and the social media platform X (formerly Twitter.)

In early April, Reuters reported that SpaceX is planning an IPO for June of this year, and is seeking to raise $75 billion, valuing the company at about $1.75 trillion

Which brokers will offer SpaceX shares?

An earlier Reuters report from late March suggested that not all brokers will have equal access to the SpaceX IPO

E*TRADE

According to the report, E*TRADE is poised to take a leading role in the IPO, as its parent company, Morgan Stanley, is one of the main underwriters of the offering.

So what else is good about E*TRADE? For one, its investment selection is huge. It offers stocks, bonds, options, mutual funds, ETFs and futures (but not crypto). But it also offers extensive educational resources. Webinars, videos, articles, tools with integrated educational content… No matter what your learning style is, E*TRADE has an educational resource for it.

However, we’ll note its website and platform can be hard to navigate and it pays almost no interest on uninvested cash. So if you’re interested in E*TRADE solely for the SpaceX IPO, be sure you understand its drawbacks, too. See our full E*TRADE review for more details.

Fidelity

Fidelity may also get a piece of the action, although the report suggests it may not play as prominent of a role as E*TRADE. If it does participate in the IPO, anyone hoping to get in on the SpaceX IPO through Fidelity is in great hands — the company is a multi-year champion of NerdWallet’s Best-Of awards for investing platforms.

It has one of the best-designed apps and some of the best customer support options in the business, plus fantastic research tools (especially the screener) and a very wide investment selection — stocks, bonds, options, ETFs, mutual funds, precious metals and crypto.

However, it has a couple of shortcomings that might matter to the kinds of day traders who like riding IPO waves. It doesn’t offer futures, and unlike some of its peers, it still charges options trading fees. Check out our full Fidelity review for more information.

Which brokers might not offer SpaceX shares?

The Reuters report said that SpaceX is considering cutting Robinhood and SoFi out of the IPO altogether, meaning that IPO shares may not be available on those platforms. However, SpaceX CEO Elon Musk has denied in an X post that the company is cutting Robinhood and SoFi out of its IPO process. NerdWallet has reached out to both for clarity, but neither provided a comment. Should any more clarity arise on this subject, we'll update it here.

Five other brokers reviewed by NerdWallet that offer IPOs — Charles Schwab, Moomoo, Webull, Zacks Trade and TradeStation — were not mentioned as playing a role in the IPO process in the Reuters report.

If the report is true, and the situation doesn’t change before SpaceX’s June IPO, then investors may need to open an E*TRADE account (or maybe a Fidelity account) to buy SpaceX shares at their debut.

But… is investing in an IPO even a good idea?

IPOs can be exciting, especially for short-term traders. The news hype around these events can sometimes drive an “IPO pop” — a brief rise above the initial offering price — creating an opportunity for quick profits.

But over the long term, many IPOs fail to deliver on the hype. A Nasdaq analysis of IPOs between 2010 and 2020 showed that about two thirds were underperforming the market at their third year of trading

That said, if you’re comfortable with the risk, we have a roundup of the best brokers that offer IPO access.

Other ways to invest in the space industry

SpaceX will almost certainly become the largest public company focused on space exploration, but it’s not the only space stock. In fact, there are a variety of well-established companies in the space industry. Below is a list of the top-performing space stocks that have been trading for at least 1 year and have a market cap of at least $1 billion, ranked by 1-year returns.

Ticker

Company

Performance (Year)

PL

Planet Labs PBC

1061.61%

VSAT

Viasat Inc

652.41%

SATS

EchoStar Corp

519.94%

BKSY

BlackSky Technology Inc

426.98%

RKLB

Rocket Lab Corp

351.42%

GSAT

Globalstar Inc

308.38%

LUNR

Intuitive Machines Inc

270.60%

Source: Finviz. Data is current as of market close April 20, 2026, and is intended for informational purposes only.

Unlike the SpaceX IPO, these stocks are available through just about any broker. But not all brokers are created equal. For a comparison of their features and investment selections, check out our best brokers for stock trading roundup.

Helpful resources