--- title: "SpaceX IPO: E*Trade Reportedly Leads Retail Push As Robinhood, SoFi Compete For Role" type: "News" locale: "en" url: "https://longbridge.com/en/news/281067816.md" description: "E*Trade is set to lead the retail allocation for SpaceX's IPO, potentially excluding Robinhood and SoFi. SpaceX aims for a valuation of $1.75 trillion and plans to raise up to $75 billion, with 30% of shares reserved for retail investors. Concerns have been raised about overly optimistic analyst predictions, and speculation about a merger with Tesla could impact Tesla's stock value. Recent stock movements show SoFi and Robinhood shares declining, while Morgan Stanley's stock is slightly up." datetime: "2026-03-30T18:52:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281067816.md) - [en](https://longbridge.com/en/news/281067816.md) - [zh-HK](https://longbridge.com/zh-HK/news/281067816.md) generator: "portal-rs" --- # SpaceX IPO: E*Trade Reportedly Leads Retail Push As Robinhood, SoFi Compete For Role **Morgan Stanley**‘s (NYSE:MS) **E\*Trade** is reportedly in discussions to lead the retail portion of the **SpaceX** initial public offering (IPO), potentially sidelining rivals **Robinhood Markets Inc** (NASDAQ:HOOD) and **SoFi Technologies Inc** (NASDAQ:SOFI). SpaceX may set aside up to 30% of its shares for retail investors, fueled by the massive following of founder **Elon Musk**, Reuters reported citing sources. SpaceX did not immediately respond to Benzinga's request for comment. **• Morgan Stanley stock is trading in a tight range. What’s ahead for MS stock?** ## **Valuation and Market Impact** SpaceX is reportedly targeting a valuation of $1.75 trillion and aims to raise up to $75 billion. **Cathie Wood's** ARK Venture Fund currently holds SpaceX as its largest position at 17.96%. **EchoStar Corp.** (NASDAQ:SATS) has effectively become a public proxy for SpaceX after spectrum-for-equity deals left it holding a stake recently valued at about $11.1 billion. **Alphabet Inc.** (NASDAQ:GOOGL) (NASDAQ:GOOG) also maintains a position that could be worth $100 billion at the IPO’s target valuation. ## **Analyst Warnings and Merger Buzz** The buzz around the IPO has sparked concerns from **The Future Fund LLC** managing director **Gary Black**. Black warned investors to remain skeptical of “overly positive” sell-side analysts. He noted the IPO represents the “biggest payday for analysts in years.” Additionally, speculation regarding a merger with **Tesla Inc. (NASDAQ:TSLA)** persists. Black cautioned that a merger could trigger a 20% to 25% reduction in Tesla’s stock value due to a “conglomerate discount.” **Price Action**s: SoFi shares fell 1.08% to $15.06, while Robinhood dropped 1.97% to $64.72 on Monday, according to Benzinga Pro data. Morgan Stanley is slightly up 0.35% at $158.91 and Tesla is down 1.73% at $355.64. *Photo Courtesy: Wirestock Creators on Shutterstock.com* ### Related Stocks - [TSL.US](https://longbridge.com/en/quote/TSL.US.md) - [SOFX.US](https://longbridge.com/en/quote/SOFX.US.md) - [TSLL.US](https://longbridge.com/en/quote/TSLL.US.md) - [TSLG.US](https://longbridge.com/en/quote/TSLG.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [SOFI.US](https://longbridge.com/en/quote/SOFI.US.md) - [TSLT.US](https://longbridge.com/en/quote/TSLT.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [TESL.US](https://longbridge.com/en/quote/TESL.US.md) - [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md) - [HOOX.US](https://longbridge.com/en/quote/HOOX.US.md) - [HOOG.US](https://longbridge.com/en/quote/HOOG.US.md) - [ROBN.US](https://longbridge.com/en/quote/ROBN.US.md) - [TSLR.US](https://longbridge.com/en/quote/TSLR.US.md) ## Related News & Research - [Robinhood's August data offers investors a reason to stay](https://longbridge.com/en/news/298745902.md) - [Elon Musk Says Anthropic’s 15% US GDP Growth Scenario Will 'Certainly Be True’ Once Humanoid Robots Reach Volume Production](https://longbridge.com/en/news/298554997.md) - [Robinhood director Oluwadara Johnson Treseder sells 1,875 shares for $234,375](https://longbridge.com/en/news/298645719.md) - [Robinhood Stock Price Forecast — How Much Upside Do Top Analysts See Now?](https://longbridge.com/en/news/298466333.md) - [Intel Jumps 10% as Analyst Says Musk’s Terafab Could Give Foundry Much-Needed Scale](https://longbridge.com/en/news/298350844.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**