Bitcoin

The simultaneous moves by SpaceX (20% retail allocation) and Fidelity (minimum order cut from $500k to $2k) reflect a structural shift toward democratizing access to private and pre-IPO assets. This trend is likely to extend to digital assets, as retail investors increasingly expect the same ease of access to tokenized securities or crypto IPOs. Robinhood, already a major crypto broker, is positioning itself at the intersection of these two worlds.

Robinhood has won its first IPO underwriting role, ranking last among 18 banks on Oura's offering, while retail distribution is expanding with SpaceX reserving 20% for individuals and Fidelity lowering minimum orders.