Elon Musk’s SpaceX lines up banks to lead mega-IPO

Core Viewpoint - SpaceX is preparing for its initial public offering (IPO), aiming to raise over $30 billion and achieve a valuation of approximately $1.5 trillion, marking it as the largest IPO to date [1][3]. Group 1: IPO Details - SpaceX has selected four banks—Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley—to lead its IPO [1][2]. - Additional banks are in discussions for roles in the IPO, but no final decisions have been made yet [2]. - The company is currently conducting an insider share sale that values it at around $800 billion [3]. Group 2: Regulatory Compliance - SpaceX has informed its employees to enter a quiet period regarding the IPO, which is a regulatory requirement prior to the public listing [4].