E*Trade (Morgan Stanley) is in talks to lead retail distribution of SpaceX's highly anticipated IPO expected later this year. If confirmed, the mandate would give E*Trade a competitive edge over Robinhood and SoFi for retail order flow and could boost Morgan Stanley's retail underwriting and distribution revenue. The report is preliminary and contingent on deal completion, so near-term impact is speculative but material for competing brokerages and SpaceX's retail access.
E*Trade (Morgan Stanley) is in talks to lead retail distribution of SpaceX's highly anticipated IPO expected later this year. If confirmed, the mandate would give E*Trade a competitive edge over Robinhood and SoFi for retail order flow and could boost Morgan Stanley's retail underwriting and distribution revenue. The report is preliminary and contingent on deal completion, so near-term impact is speculative but material for competing brokerages and SpaceX's retail access.
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