Robinhood, SoFi Sidelined In SpaceX IPO? 'False,' Elon Musk Says

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Elon Musk denied reports that SpaceX is excluding Robinhood Markets and SoFi Technologies from its archetypal nationalist offering, calling them "false." However, the speculation highlighted a deeper truth: retail platforms are already integral to Tesla’s trading.

These reports are false

— Elon Musk (@elonmusk) March 31, 2026

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Tesla, Inc. trades astir 60 cardinal shares a day. Retail information crossed U.S. equities sits adjacent 20%, but Tesla skews higher — person to 25%.

That implies astir 15 cardinal shares of regular retail volume.

Now see wherever that travel sits. Robinhood dominates high-frequency retail trading successful names similar Tesla, portion SoFi continues to standard its app-first capitalist base. A combined ~35%–40% stock of retail Tesla travel is simply a tenable estimate.

Do the math: that's astir 5–6 cardinal shares daily.

Against full volume, that lands adjacent 8%–10% — and moves comfortably supra 10% connected progressive days.

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The IPO statement misses the bigger picture.

The absorption is connected whether Robinhood and SoFi get entree to a aboriginal SpaceX listing. But successful Tesla, they're already shaping terms enactment — particularly astir catalysts wherever retail information clusters and amplifies moves.

This isn't marginal activity. It's directional flow.

SpaceX, if and erstwhile it lists, volition apt beryllium tightly controlled.

Tesla isn't.

And that's the opposition Musk's effect highlights: helium tin unopen down speculation astir who gets into SpaceX — but Tesla already trades successful a marketplace wherever retail platforms assistance acceptable the tone.

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