The SpaceX IPO will be the watershed moment for Wall Street to open their doors to self-directed, retail investors.
The banks have been trying for years to figure out how to court this cohort of capital and SpaceX gives them the perfect asset to entice individuals to enter their ecosystem.
If the IPO goes well and individuals make money, there will be a bonanza for the banks in the next few years. Retail investors will pour capital into funds, IPOs, and various instruments.
If the IPO does not go well and individuals lose money, the relationship between the institutions and retail investors will be set back.
This is the first date between two groups who historically have been skeptical of each other.
Let’s see what happens.