E*Trade in Talks to Lead SpaceX IPO for Retail, Report Says

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000SpaceX:Morgan Stanley’s E*Trade unit is in talks with SpaceX to lead the sale of IPO shares to small investors, potentially being favored over rival brokerage platforms from Robinhood Markets Inc. and SoFi Technologies Inc., Reuters reported, citing two people familiar with the matter.SpaceX is considering cutting Robinhood and SoFi out altogether despite the two firms pitching for roles on the initial public offering, Reuters said. The rocket and satellite company would instead rely on Morgan Stanley to route shares set aside for retail investors through E*Trade, Reuters said.