In a pivotal decision for its IPO, SpaceX is weighing the exclusion of SoFi Technologies, Inc. from the retail share sales, favoring Morgan Stanley's E*Trade instead. Despite pitches for participation, SoFi and Robinhood face sidelining due to their lack of ties to the underwriters, which may influence the distribution of up to 30% of the IPO shares. This potential exclusion threatens SoFi's revenue opportunities and narrows options for retail investors, as SpaceX aims for a controlled rollout amid market volatility.
“🚨 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.”
“Robinhood & SoFi pitched but aren't affiliated with those banks, putting them at risk of exclusion—though talks continue and nothing's final.”
“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).”
“Reuters/Bloomberg mentions only Robinhood and SoFi as potentially cut, with E*Trade (Morgan Stanley) eyed for the big retail allocation instead.”
“SpaceX zvažuje vyřadit Robinhood a SoFi z prodeje akcií drobným (retail) investorům při svém chystaném IPO (první veřejná nabídka akcií, kdy se firma stane veřejně obchodovatelnou). Důvod: chtějí to routovat přes svou vlastní síť. Robinhood a SoFi o roli usilovaly, ale teď jsou mimo hru.”
“Robinhood and SoFi pitched for roles but aren't tied to the underwriters, so they risk getting cut to prioritize in-house distribution. Talks are ongoing and could change. Classic Wall Street move for control.”
“Robinhood and SoFi remain in discussions but face potential exclusion as they're not tied to the underwriters.”
“This Kalshi post references a fresh Reuters report: SpaceX is weighing excluding Robinhood and SoFi from distributing shares to small retail investors in its massive upcoming IPO (potentially the largest ever, ~$1.75T valuation later this year).”
“Morgan Stanley's E*Trade is instead in talks to lead that retail slice via underwriters, though Robinhood/SoFi are still negotiating for a role.”
