E*Trade Aims for Major Victory in SpaceX IPO
Morgan Stanley's E*Trade is negotiating to secure a primary role in selling shares of SpaceX's much-anticipated IPO to U.S. investors, potentially excluding Robinhood and SoFi. The IPO could be one of the largest ever, with SpaceX considering allocating up to 30% of shares to retail investors.
In a strategic move, Morgan Stanley's E*Trade is in discussions to take a lead in distributing shares of SpaceX's eagerly awaited IPO to the general public, sources reveal.
While Robinhood and SoFi have also shown interest, they may not participate as SpaceX considers bypassing them, a surprising maneuver given their recent history with major IPOs.
Confidential talks are ongoing, with SpaceX potentially setting aside a significant portion of shares for retail investors, a highly coveted segment for E*Trade to capture, reflecting Morgan Stanley’s retail market expansion strategy.
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