SOFI is trading 4.7% up at $16.36 in pre-market after being named as a retail platform for SpaceX’s anticipated IPO.
- SoFi Invest members may gain access to purchase shares at the initial offering price, marking a significant product win for the brokerage platform.
- The move appears company-specific as broader markets show more modest gains, with the S&P 500 up 0.70% and Nasdaq up 1.11%.
- Crypto markets remain quiet and mixed, with Bitcoin down 0.60% and Ethereum down 0.41%, further suggesting the rally is driven by the SpaceX news.