00:00It's Benzinga bringing Wall Street to Main Street.
00:02Morgan Stanley's E-Trade is in discussions to lead the retail portion of SpaceX's initial
00:07public offering, potentially sidelining Robinhood and SoFi, according to Reuters.
00:11SpaceX may allocate up to 30% of shares to retail investors and is targeting a $1.75
00:16trillion valuation with plans to raise up to $75 billion. The company did not respond to
00:21Benzinga's request for comment. ARK Venture Fund holds SpaceX as its largest position at 17.96%.
00:27EchoStar holds a stake valued at about $11.1 billion. Alphabet maintains a position that
00:33could be worth $100 billion at the target valuation. Gary Black warned investors to remain skeptical of
00:39overly positive analyst views and said a Tesla merger could reduce its stock value by 20% to 25%.
00:45For all things money, visit Benzinga.com.
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