Fidelity has reportedly begun allocating SpaceX IPO shares to eligible account holders. Investors who confirmed their interest around 7 p.m. ET on the previous evening are now seeing share allocations appear in their accounts. The update is one of the first signs that the highly anticipated IPO process is moving forward. Ahead of the listing, Fidelity reportedly lowered entry requirements from $500,000 to $2,000, while about 30% of shares were reserved for retail investors. Nasdaq also shortened its index inclusion waiting period from three months to 15 days.
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