Robinhood Said to Vie for Key Retail Role in Mega SpaceX IPO (1)

Robinhood Markets Inc., the upstart broker credited with getting young people hooked on trading, is vying for a key role in SpaceX’s blockbuster initial public offering, according to people familiar with the matter.

Robinhood is jockeying with several Wall Street banks to secure a big slug of coveted SpaceX stock to sell directly to its retail investors, said the people, who asked to not be identified because the details aren’t public. The company would likely offer the shares through its IPO Access platform, which lets users buy stock at the IPO price, before they trade on the open ...