Elon Musk denied stories that SpaceX would exclude Robinhood Markets (HOOD) and SoFi Applied sciences (SOFI) from its upcoming preliminary public providing.
The denial follows issues unfold that each retail-focused brokerages might be sidelined in what could grow to be the most important IPO in historical past.
Retail Entry Fears Adopted Reuters Report
A Reuters report on March 30 acknowledged that Morgan Stanley’s E*Commerce was in talks to steer the sale of SpaceX shares to small U.S. buyers.
The report added that SpaceX was contemplating reducing Robinhood and SoFi out of the deal completely.
“The SpaceX IPO is shaping as much as be the largest in historical past, however two of Wall Avenue’s greatest brokerages could not get a chunk of it. Robinhood and SoFi have each pitched for roles on the deal, however SpaceX is contemplating reducing them out altogether,” Reuters claimed.
Nonetheless, amid requests to Musk that Robinhood be included within the SpaceX IPO, Musk articulated that the rumours had been false.
These stories are false
— Elon Musk (@elonmusk) March 31, 2026
Why Robinhood Issues for This IPO
Robinhood reported 27.4 million funded clients as of February 2026, with $314 billion in complete platform belongings.
In response to a BCG Matrix report, its median buyer age is 35, making it the dominant brokerage for youthful buyers who overlap closely with the Tesla and SpaceX fan base.
Robinhood is the brand new Coinbase.
Suppose many undervalue them as a web3 powerhouse// however we all know the sport is about mindshare and person bases..
26.5 million clients with the median age of 35. As hood turns into a one cease store for all financials, the brand new class of on chain crypto will…
— deci (@18decimals) October 5, 2025
SpaceX has reportedly mentioned reserving as much as 30% of its IPO for retail buyers, roughly thrice the standard 5%-10% allocation.
The IPO may increase as a lot as $75 billion at a valuation close to $1.75 trillion.
Robinhood’s HOOD inventory had dropped roughly 2% following the unique Reuters report. Each HOOD and SOFI had each pitched for roles within the deal, competing towards E*Commerce and Constancy for the retail allocation.
Musk’s fast correction aligns with earlier protection exhibiting the SpaceX IPO is on observe for a June 2026 itemizing.
Whether or not Robinhood finally secures a proper distribution position stays undecided. Nonetheless, Musk’s assertion indicators that excluding retail-friendly platforms will not be a part of the plan.
