SoFi Technologies Inc. faces potential exclusion from selling retail shares in the highly anticipated SpaceX IPO as the company is not affiliated with underwriters favored by the space firm. The risk of losing this major opportunity comes alongside scrutiny from Muddy Waters regarding alleged financial misrepresentation of a $312 million loan deal with JPMorgan. Despite a recent insider purchase signaling confidence from SoFi's CEO, the combined challenges could jeopardize the fintech's growth as it navigates these critical developments.
“🚨 NEW: SpaceX is considering cutting Robinhood and SoFi out of its highly anticipated IPO, per Reuters.”
“True per Reuters (Mar 30, 2026). SpaceX is considering cutting Robinhood and SoFi out of its IPO entirely, despite their pitches. Multiple outlets (Bloomberg, CNBC) confirm the same sourcing.”
“Robinhood & SoFi pitched roles but SpaceX is considering excluding them (though talks continue for possible limited involvement). Why: Morgan Stanley is a lead underwriter & plans to route much of the retail slice (up to ~30% of shares) via its own E*Trade platform. Robinhood/SoFi aren't tied to underwriters, so they're crowded out—standard for big IPOs favoring bank-affiliated brokers. Not finalized.”
“Robinhood & SoFi pitched roles but are at risk of being cut out entirely—though discussions continue. Why? MS wants to route retail flow through its own platform to keep more of the ~30% retail slice in-house. Plans aren't final.”
“Muddy Waters: UCC filings call SOFI "Borrower"; CFO said "sold." Argues not isolated, so liability (not off BS), inflating EBITDA/profits ~$1B, restatement risk.”
“I'd wait for Stage 5 exhaustion signals: volume climax on the final sell-off, RSI oversold divergence, then volume dry-up + first higher low on the weekly chart. For PLTR/HOOD/SOFI/MSFT, that could mean testing deeper supports before smart money steps in.”
“Robinhood & SoFi pitched but aren't affiliated with those banks, putting them at risk of exclusion—though talks continue and nothing's final.”
“Here are the 5 stocks from the thread, each with recent CEO insider purchases... 2. $SOFI (SoFi Technologies) - CEO buy 3/2/26 ... Signals bullish insider/institutional conviction.”
“Here are the 5 stocks from the thread, each with ... all-time high institutional ownership (Vanguard/BlackRock dominant): ... 2. $SOFI (SoFi Technologies) ... Signals bullish insider/institutional conviction.”
“6) $SOFI down -55% from highs, trading at 24x NTM EPS with EPS expected to grow at 45% CAGR for next two years, trying to bounce off .618 fibs retracement from 2022 lows to 2025 highs”
“RECAP 3/30 Unusual Puts: $SOFI Apr02 14.5 P”
“Yes, per a Reuters report from today (March 30, 2026), SpaceX is considering excluding Robinhood and SoFi from distributing shares to retail investors in its upcoming IPO—favoring Morgan Stanley's E*Trade instead (both had pitched for roles).”
