SpaceX reportedly considers cutting Robinhood (HOOD) and SoFi (SOFI) out of IPO as brokerages negotiate for a piece, according to source reports

SpaceX's potential decision to cut Robinhood and SoFi from its IPO negotiations signals a strategic move that could impact the competitive landscape for retail brokerages.

Newsquawk StaffPublished 30 Mar 2026, 16:39 UTCOn the live feed at 16:19 UTC — 2 more headlines followed before this page went public

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16:33

ECB's Stournaras says ECB would react to a second round of price effects, should conflict in the Middle East be protracted then ECB March baseline scenario is at risk

16:27

Various proposals are circulating among diplomats to open the Strait of Hormuz to exports of fertilizer for humanitarian reasons that would be based on a model that has allowed the safe passage of Ukrainian grain amid its war with Russia, WSJ reports

16:19

SpaceX reportedly considers cutting Robinhood (HOOD) and SoFi (SOFI) out of IPO as brokerages negotiate for a piece, according to source reports

16:04

Tesla (TSLA) CEO Musk says co. is making a big investment in Japan with service and superchargers

16:03

Axios' Ravid says watch tonight, interview with Ukrainian President Zelensky at 20:00 on N12 News

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E-Trade is in lead to handle SpaceX IPO sales for small retail investors.

Context

E-Trade emerging as the leading firm for managing these sales underscores its position in the market, potentially affecting both Robinhood and SoFi's operations and stock performance if they lose a significant opportunity. Watch for shifts in investor sentiment and trading volume in the affected companies as this story develops.

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