E*Trade in Talks to Lead Retail Distribution of SpaceX IPO, Potentially Squeezing Robinhood and SoFi
Morgan Stanley’s E*Trade is discussing with SpaceX to take the primary role in allocating shares to small U.S. retail investors in the company’s forthcoming IPO, potentially displacing rival retail brokerages Robinhood and SoFi from that slice of the deal. Sources say plans are not final and other distributors including Fidelity remain in contentio…