Robinhood Markets Inc. is striving to become the distribution channel for individual investors in the potential IPO of SpaceX — which is forecasted to be the largest in history. According to sources, this online brokerage platform is directly competing with Wall Street banks to secure a large allocation of SpaceX shares, expected to be distributed through the IPO Access feature, allowing users to purchase shares at the IPO price before the public trading begins.
SpaceX is said to be considering reserving a significant portion of shares for retail investors, with a planned listing around mid-2026, although the schedule may change. The deal could raise over $30–50 billion, valuing SpaceX at approximately $1.5 trillion. Robinhood’s move has raised concerns among major banks but also highlights the growing influence of retail trading on Wall Street.