In a significant pivot for its upcoming IPO, SpaceX is now contemplating excluding SoFi Technologies and Robinhood from its share distribution channels, historically favored by retail investors. This decision, likely to impact the largest IPO in history valued at $1.75 trillion, indicates a strategic shift towards traditional brokers like E*Trade and Morgan Stanley to manage share allocations, moving away from an initial plan that aimed to allocate 30% of shares to individual investors. The change aims to mitigate risks of retail frenzy and reflects a broader trend in corporate favoritism towards institutional investors amidst growing market complexities.
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