Where Can Retail Investors Buy SpaceX Shares? 7 Brokers Reveal Minimum Investment, Commissions, and Promotions

SpaceX, Elon Musk's space company, is preparing to list on Nasdaq on 12 June under the ticker "SPCX," with a valuation that could reach up to 1.75 trillion U.S. dollars.

This marks the first opportunity for retail investors to access the businesses behind the Falcon rockets, Starlink project, and space technology, which previously were open only to large private investors.

Thairath Money takes a look at investment channels for Thai investors interested in SPCX shares, targeting those seeking growth opportunities in the industry of the future.

Three Ways to Invest in SpaceX

After Elon Musk's SpaceX registers on Nasdaq under the ticker "SPCX," Thai investors wanting to participate can access the shares through three main channels:

1. Investing via international mutual funds

One option is purchasing international mutual funds that invest in U.S. technology stocks, innovation stocks, or the Nasdaq-100 index. These funds may indirectly benefit if SPCX is included in major indices or added to fund managers' portfolios in the future.

The advantage of investing through mutual funds is that investors can diversify risk across multiple companies without being exposed solely to SPCX's volatility.

However, investors should study the prospectus and follow each fund's Fact Sheet to verify whether the fund has policies or processes to include SPCX shares in its portfolio.

2. Investing via Depositary Receipts (DR) referencing ETFs containing SPCX shares

Currently, the Thai stock market offers DRs linked to ETFs or mutual funds aiming to track benchmark indices, which may benefit from SPCX's inclusion, such as:

• NDX01, referencing the ChinaAMC NASDAQ 100 ETF (3086.HK), which targets the Nasdaq-100 index's returns.
• QQQM19, referencing Invesco's QQQM fund, also tracking Nasdaq-100.

Foreign media report that some analysts expect SPCX to be added to the Nasdaq-100 within just 15 trading days after listing, under Nasdaq's Fast Entry Rule. This would prompt ETFs tracking the index to gradually purchase SPCX shares according to index weights.

3. Buying SPCX shares directly through Thai brokers

Investors wishing to hold SPCX shares directly can open international trading accounts with Thai securities firms offering U.S. stock trading. After account setup and funding, investors can search for the ticker "SPCX" and place orders like any other U.S. stock.

Investors can verify the list of legally licensed securities firms on the website of the Securities and Exchange Commission (SEC) of Thailand.

However, many analysts warn that SpaceX shares may experience high volatility during initial trading due to strong global retail investor interest in this IPO.

Spotlight on 7 Popular Brokers for U.S. Stock Investment

For those wanting to own SPCX shares directly, several Thai brokers now provide easy access to U.S. stock trading via mobile apps. Some allow investments starting from just 1 U.S. dollar, support fractional shares, and offer commission-free promotions for new customers.

Thairath Money highlights seven popular brokers enabling Thai investors to access the U.S. stock market, providing information for investment decisions as follows:

1. Webull

Operated by Webull Securities (Thailand) Limited, it supports fractional share trading and features the ability to separate portfolios for different investment categories.

• Minimum investment: 1 U.S. dollar or 0.0001 shares
• Fees: 0.10% of trade value, with no minimum commission per transaction.
• Promotion: New users can trade U.S. stocks commission-free for up to 60 trades by opening an account and inviting five friends to fund their accounts.

2. Pi Financial

Offered by Pi Securities Public Company Limited, it connects investors to over 28 global markets covering stocks, ETFs, and REITs, supporting diverse asset types in a single account with research insights from Pi Research.

• Minimum investment: 0.01 shares
• Fees: 0.20% of trade value with no minimum commission; ADR fees approximately 0.02%-0.05%.

3. Dime!

Provided by KKP Dime Securities Company Limited, it supports fractional share investments and charges no foreign exchange spread, offering market exchange rates for currency conversion.

• Minimum investment: 50 baht
• Fees: For trades under 3,000 U.S. dollars, 0.15%; above that, the system chooses the cheaper rate between 0.15% or 0.08 dollars per share. Membership "Dime! Fan" starts at 39 baht/month, offering five commission-free trades per month.
• Promotions: New accounts receive a "Portfolio Starter Pack" with 10 commission-free trades; "Dime! On Top" rewards for reaching U.S. stock trading volume thresholds; referral program grants 50 baht worth of U.S. stocks per friend; Unlock PDT promotion offers 50% commission discounts (up to 20,000 baht).

4. Liberator

Offered by Liberator Securities Company Limited, it emphasizes transparent costs and suits frequent traders with customizable payment packages.

• Minimum investment: 1 U.S. dollar
• Fees: Two systems available.
  • LIB Basic charges 0.10% for shares priced at 6.67 dollars or above, and 0.00667 dollars per share for shares below 6.67 dollars, with no minimum commission.
  • LIBFAM US membership package is a flat 1,999 baht/month, granting commission-free trading up to 100,000 dollars.

• Promotion: Free handling of W-8BEN tax form submission (normally costs 2,000 baht), allowing dividend tax reduction from 30% to 15% for three years.

5. InnovestX

Provided by InnovestX Securities Company Limited, it offers access to Thai stocks, international stocks in 23 countries, mutual funds, and digital assets, plus real-time U.S. stock price data from Nasdaq.

• Minimum investment: starting at 1 share
• Fees: 0.08 dollars per share, minimum commission of 4.99 dollars per transaction, and no fees for W-8BEN form processing.
• Promotion: Accumulate INVX Points from investments to redeem fee discounts; subscribe to real-time U.S. stock price data for 1 dollar per month.

6. KS Global Invest

Offered by Kasikorn Securities Public Company Limited, it supports investing in 25 countries worldwide and provides regular foreign stock analysis, global economic outlooks, and international investment themes from KS Research.

• Minimum investment: 1 share of the desired security
• Fees: For stocks priced 20 dollars or above, 0.08 dollars per share; below 20 dollars, 0.02 dollars per share; with a minimum commission of 4.99 dollars per transaction.

7. Global Trade Master

Operated by Bualuang Securities Public Company Limited, it supports investment in U.S., Hong Kong, and Vietnam markets, offers after-hours trading, and provides continuous U.S. stock analysis and recommended portfolios.

• Minimum investment: 1 U.S. dollar or 0.00001 shares
• Fees: Fractional share trades incur a flat fee of 1 dollar per transaction; full share purchases charge 0.08 dollars per share, with a minimum commission of 10 dollars per transaction.

However, the above details are compiled from publicly available information from providers. These seven brokers represent just a sample of foreign stock investment providers in Thailand and serve as basic comparative information, not investment advice. Investors should study details and risks carefully before making any investment decisions.

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