"Musk has swiftly put to rest circulating reports suggesting that SpaceX would exclude popular retail brokerages Robinhood and SoFi from its highly anticipated initial public offering."
"In a direct response posted on X on March 31, Musk stated simply, 'These reports are false,' addressing widespread speculation fueled by a Reuters article."
"The Reuters report, published March 30, claimed that Morgan Stanley's E*Trade was in talks to lead the sale of SpaceX shares to small U.S. investors."
"SpaceX has a reported valuation nearing $1.75 trillion, and Musk's plan to allocate up to 30 percent of shares to individual investors - far above the typical."
Elon Musk addressed rumors regarding SpaceX's initial public offering, specifically denying claims that popular retail brokerages Robinhood and SoFi would be excluded. He stated, "These reports are false," in response to speculation fueled by a Reuters article. The report suggested that Morgan Stanley's E*Trade was in talks to lead the sale of SpaceX shares to small investors, while Fidelity was also competing for a role. SpaceX's valuation is nearing $1.75 trillion, with plans to allocate up to 30 percent of shares to individual investors.
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