Elon Musk denied studies that SpaceX will exclude Robinhood Markets (HOOD) and SoFi Applied sciences (SOFI) from its upcoming preliminary public providing (IPO).
The denials adopted considerations that each retail brokerages could possibly be excluded from collaborating in what could possibly be the biggest IPO in historical past.
Issues about retail entry emerge after Reuters report
Reuters reported on March 30 that Morgan Stanley's E-Commerce is in talks to steer the sale of SpaceX shares to retail buyers in america.
The report added that SpaceX is contemplating reducing Robinhood and SoFi out of the deal solely.
“SpaceX's IPO is shaping as much as be the most important in historical past, however two of Wall Avenue's largest brokerages might not get a bit of it. Robinhood and SoFi have each been floated for a job within the deal, however SpaceX is contemplating eliminating them altogether,” Reuters claimed.
Nevertheless, whereas urging Musk to incorporate Robinhood in SpaceX's IPO, Musk clarified that the rumors had been false.
these studies are false
— Elon Musk (@elonmusk) March 31, 2026
Why Robinhood is necessary to this IPO
Robinhood reported 27.4 million funded prospects and $314 billion in complete platform belongings as of February 2026.
The median age of its prospects is 35, based on a report from BCG Matrix, making it a number one brokerage for youthful buyers who overlap with the fan base of Tesla and SpaceX.
Robinhood is the brand new Coinbase.
I believe lots of people underestimate them as a Web3 powerhouse // However we all know this sport is about mindshare and person base.
It has 26.5 million prospects and a median age of 35 years. As Hood turns into a one-stop store for all issues monetary, a brand new class of on-chain cryptocurrencies is rising.
— Deci (@18decmals) October 5, 2025
SpaceX is reportedly discussing setting apart as much as 30% of its IPO for retail buyers, about thrice its normal allocation of 5% to 10%.
The IPO might increase as much as $75 billion at a valuation of practically $1.75 trillion.
Robinhood's HOOD inventory fell about 2% after Reuters' preliminary report. Each HOOD and SOFI claimed roles within the transaction and had been competing with E*Commerce and Constancy for retail allocation.
Musk's fast correction is in step with earlier studies indicating SpaceX's IPO is on observe to go public in June 2026.
Whether or not Robinhood in the end secures a proper distribution position stays to be decided. Nevertheless, Musk's assertion means that excluding retail-oriented platforms shouldn’t be a part of the plan.
