Overview
- Morgan Stanley’s E*Trade was in talks Monday to lead sales to small U.S. investors, with up to 30% of shares earmarked for individuals, though the plan is not final.
- Elon Musk said Tuesday that reports of Robinhood and SoFi being cut out of the retail allocation are false.
- Nasdaq said March 30 that, starting May 1, new large‑cap listings can join the Nasdaq‑100 within 15 trading days, a change that could trigger quick ETF buying if SpaceX qualifies.
- SpaceX is preparing a confidential SEC filing for an early‑summer debut that reports say could raise $70–75 billion at about a $1.75 trillion valuation, with prediction markets showing only moderate odds for June.
- Investors will see limited financial detail at first as xAI gets folded into SpaceX, even as Starlink growth and launch dominance help explain the rich private valuation and expectations for a very small float that could heighten price swings.