just got email from IBKR:
We wanted to make you aware that you can take part in the Initial Public Offering (“IPO”) of Space Exploration Technologies Corp. (the “Issuer”), which has been announced by the Issuer. The deadline to apply is Wednesday 10th June 2026 at 6:00pm BST.
The share price will be announced prior to the start of dealings.
EDIT: nevermind. i clicked the link and “computer says no”.
And with Saxo: https://www.saxotrader.com/d/portfolio/spacex-ipo-launch (login required)
I’ve registered via saxo bank for a few thousand dollars worth of SpaceX… just to see how it goes.
The perpetual future contract is currently trading around $162 on the Hyperliquid trading platform
Sounds like you could make a risk free gain by selling short the perp and buying into the allocation.
Did you get anything allocated, my order now says cancelled 
I applied for 32 shares and today my Saxo app shows I was allocated 4.
Stock is reportedly extremely oversubscribed.
Prepare to get fleeced.
i’m sure there will be still plenty of mugs retail investors wanting to buy in after the IPO 
Free money totally in addition to stock gains (dividends) coming in end of the month, will use these for a bet on SPCX. it’s free money, after all
Those who know me won’t get triggered, those who don’t know me please don’t get triggered.
I guess the issue with this is that it is unknown how much oversubscribed will the IPO be. And therefore how many shares do you end up getting.
Perps currently pricing it at $178, that’s a $2.3T company.
Stock price will crash down to 50-60$ by the end of this year.
I’m imagining how many people will
It would not surprise me and I’ll be looking to see if i can buy put options… on the other hand, the sultan of sizzle has done pretty well with Tesla as well, so why not with SpaceX?
It could of course also be that this is the ‘irrational exuberance’ moment for tech…
Before or after the TSLA merger?
Ok, I have a question. If it’s common knowledge that on average investing in an IPO is not profitable (it is, isn’t it?)… Wouldn’t this be an exploitable market inefficiency (that should therefore be pretty rapidly closed by the efficient market)?
Supposing that assumption is true (I haven’t checked and am agnostic on it), one way to arbitrage it would be to short the IPO’d stock. Shorting comes with big risks if the stock skyrockets, even just for an instant. Successful IPOs can skyrocket and even the unsuccessful ones can have big spikes.
Shorting the IPO based on an allegedly statistical average is highly risky business even when directionally right.
So the answer would be because shorting needs a specific time frame? 
(Trying to understand, I don’t do options trading)
So it begins 
Edit: I waited for you, my dear Mirager 
I think there are many statistics that show that average performance after like 1 year is negative (example 1, example 2). I’m sure that some investors (hedge funds or the like) run such strategies (does it count as event driven?) among their many strategies. If I’m not mistaken I saw somewhere that Intraday IPO’s are more lucrative (IPO pop, positive return) but then its difficult to get a reliable estimate of one’s allocation beforehand.
Going short is probably difficult initially due to low supply of shares and expected volatility (risk) resulting in high borrowing costs. But then again you could just buy puts and bet on falling prices that way. I guess the implied volatility of those options will be set higher due to uncertainty making them more expensive. Would be an interesting backtest to run this strategy.
I bet it won’t pay dividends, probably some bright light like BIGBALLZ in Musk’s team told him it’s “some boomer shit”. Oh wait, pay dividends how?!
tbh does it really make sense to return money by paying dividends if you’re taking new money to invest? That feels like just cycling money around.