Morgan Stanley(US:MS) Xin Lang Cai Jing·2025-12-19 23:24Group 1 - Morgan Stanley is emerging as a key contender for the lead underwriter role in SpaceX's highly anticipated IPO, leveraging its long-standing relationship with Elon Musk [1] - The selection process for SpaceX's IPO underwriters is ongoing, with top investment banks including Morgan Stanley, Goldman Sachs, and JPMorgan Chase competing for the underwriting position [1] - Although Morgan Stanley is currently favored, it is not yet confirmed that it will secure the lead underwriter status [1] Group 2 - Morgan Stanley has been a significant advisor to Musk over the years, having participated in Tesla's IPO in 2010 and led the financing arrangements for Musk's acquisition of Twitter in 2022 [1] - Recently, Musk appointed Anthony Armstrong, a banker from Morgan Stanley who was involved in the Twitter acquisition, as the CFO of xAI [1] - A decision regarding the lead underwriter is expected to be made by the end of this year, with the complete underwriting syndicate to be determined afterward [1]