Musk Cools the FUD: Robinhood and SoFi Haven't Been Boot'd From SpaceX IPO After All

Elon Musk has officially shut down speculation that SpaceX would exclude Robinhood Markets and SoFi Technologies from its upcoming initial public offering. The denial comes after concerns spread that both retail-focused brokerages could be sidelined in what may become the largest IPO in history. Because nothing gets crypto Twitter more riled up than the possibility that their favorite degens might miss out on the biggest moonshot since... well, since the last time Musk said something on Twitter.

Retail Access Fears Followed Reuters Report A Reuters report on March 30 stated that Morgan Stanley's E*Trade was in talks to lead the sale of SpaceX shares to small U.S. investors. The report added that SpaceX was considering cutting Robinhood and SoFi out of the deal entirely. Cue the collective gasp from Reddit threads and Discord servers where retail investors had already begun calculating how many fractional shares they could afford with their ramen budget.

'The SpaceX IPO is shaping up to be the biggest in history, but two of Wall Street's biggest brokerages may not get a piece of it. Robinhood and SoFi have both pitched for roles on the deal, but SpaceX is considering cutting them out altogether,' Reuters claimed. Imagine being the intern at Reuters who had to fact-check that one before publication. Actually, maybe they didn't.

However, amid requests to Musk that Robinhood be included in the SpaceX IPO, Musk articulated that the rumours were false. Because when the people speak, sometimes Elon actually listens. Or at least tweets. Either way, the timeline collectively exhaled.

'These reports are false,' Elon Musk (@elonmusk) March 31, 2026.

Four words. That's all it took to stop the bleeding. Some might call it a masterclass in crisis communication. Others might call it Tuesday. Either way, HOOD bagholders can sleep soundly tonight, assuming they haven't already liquidated their positions to buy more meme coins.

Why Robinhood Matters for This IPO Robinhood reported 27.4 million funded customers as of February 2026, with $314 billion in total platform assets. According to a BCG Matrix report, its median customer age is 35, making it the dominant brokerage for younger investors who overlap heavily with the Tesla and SpaceX fan base. These are the same people who put "DOGE" in their 401(k)s and treat their Robinhood portfolio like a high-stakes video game. Naturally, they'd want in on the most anticipated IPO since... well, since the last SpaceX funding round.

SpaceX has reportedly discussed reserving up to 30