TradingKey – According to Reuters, citing sources familiar with the matter, Elon Musk’s SpaceX is expected to go public later this year, and Morgan Stanley’s (MS) E*Trade unit is in talks with the company to serve as an underwriter for the transaction to meet the trading demands of U.S. retail investors. Currently, SpaceX is working with at least 21 banks to prepare for its IPO, marking one of the largest underwriting syndicates in recent years.

In addition to investment banks, brokerages are also expected to receive allocations of SpaceX IPO shares. Previous reports stated that Robinhood (HOOD) and SoFi (SOFI) the two emerging retail brokerages, were excluded from the distribution, but Musk has denied this information. Through which…