Wall Street’s undignified SpaceX mania

Jun 9th 2026|4 min read

“THE ICK”, a term popularised by Gen-Z daters, refers to the loss of romantic interest after a trifling but embarrassing behaviour by a crush. Admirers of American high finance may be feeling it. Ahead of the initial public offering (IPO) of SpaceX, scheduled for June 12th, Wall Street looks desperate trying to woo Elon Musk, the rocketry firm’s boss and the world’s first soon-to-be trillionaire. Fidelity, an asset manager, has lowered its minimum account balance for small investors to participate in the listing from $100,000-500,000 to $2,000. Nasdaq and FTSE Russell will fast-track SpaceX into their popular stock-market indices.