E*Trade in talks to lead SpaceX IPO share sale to small investors in US, sources say
E*Trade is in talks to lead the sale of SpaceX's shares to small investors in the US, potentially giving it an edge over rival brokerages. The SpaceX IPO is expected to be one of the biggest in history, with up to 30% of shares set aside for retail investors.
Morgan Stanley's E*Trade is in talks with SpaceX to sell shares to US investors in its upcoming IPO. The deal could give E*Trade an edge over rival brokerages Robinhood and SoFi. SpaceX is considering setting aside up to 30% of its shares for retail investors. A significant portion of this allocation will go to private wealth and high-net-worth clients, with the remainder going to smaller-ticket retail investors. E*Trade, Robinhood, and SoFi are competing for this slice of the allocation. The SpaceX IPO is expected to be one of the biggest in history.
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