SpaceX IPO: flipping restrictions hide in broker fine print
SpaceX's expected large retail allocation could trap first-time IPO buyers in “flipping“ lockups at major brokers.
Robinhood, Fidelity, Schwab, SoFi, and E*Trade each enforce hidden holding periods—sell too fast and you face restrictions, fines, or account flags.
Terms vary by broker and are rarely disclosed upfront during the allocation process.