Morgan Stanley's E*Trade Secures Retail Allocation in Musk's SpaceX IPO

Elon Musk's SpaceX is preparing for what could be the largest IPO in history and sources say Morgan Stanley's ETrade platform is set to handle most of the retail allocation. The move sidelines popular retail brokerages Robinhood and SoFi, leaving investors to watch the company's next move closely.

According to Reuters, Morgan Stanley, which serves as the main underwriter for the SpaceX initial public offering, plans to distribute most of the through E*Trade. SpaceX will allocate up to 30% of its shares for retail investors, according to industry sources, although a significant portion will go to private wealth and high-net-worth clients.

has established itself as a leader in aerospace innovation and private space travel. The upcoming IPO will enable retail investors to join space exploration and technological development efforts scheduled for later this year.