SpaceX Eyes Record $1.75 Trillion Valuation as E*Trade Nears Retail IPO Deal

Key Facts

1Morgan Stanley's E*Trade is in talks with SpaceX to lead the retail portion of its highly anticipated IPO share sale.

2The move gives E*Trade an edge over rival brokerages including Robinhood Markets and SoFi.

SpaceX has reportedly filed confidential disclosures with the U.S. Securities and Exchange Commission (SEC), marking a formal regulatory step toward its highly anticipated initial public offering. The company continues to target a record-breaking valuation of $1.75 trillion, positioning it among the world's most valuable entities. This development comes as Morgan Stanley's E*Trade remains in advanced negotiations to manage the retail portion of the share sale. The strategic partnership aims to facilitate share distribution to small-scale investors, potentially offering a competitive edge over rivals like Robinhood. The timing of the IPO is also being viewed through the lens of Elon Musk's potential trajectory toward becoming the world's first trillionaire. Despite the Renaissance IPO ETF being down 27% from its high, the sheer scale of the SpaceX offering represents a significant market milestone.

7 months ago

Version History

12 additional sources confirmed this story

Version 47 months ago

What changed: The story has progressed from reports on valuation and partners to a formal regulatory step with a confidential SEC filing.

Version 37 months ago

What changed: Updated the story to include SpaceX's massive $1.75 trillion valuation target and the context of Elon Musk's wealth trajectory.

Version 27 months ago

What changed: The update adds a macro-market perspective, noting that while SpaceX prepares for its IPO, the broader IPO market is under significant pressure with the benchmark Renaissance IPO ETF down 27%.

Version 17 months ago

What changed: The story was updated to include details on SpaceX's regulatory strategy, specifically its potential use of a confidential filing process for the IPO to gain flexibility.