SpaceX Reportedly Targeting $135/Share in Potential IPO

SpaceX is targeting a price of $135 per share in an initial public offering that could raise $75 billion and occur as early as the week of June 8. The company confidentially filed for the IPO in April and is working with at least 21 banks, including JPMorgan Chase, Morgan Stanley, Goldman Sachs, and Bank of America.

Elon Musk sat down with Jamie Dimon at a JPMorgan investor event on Thursday at the bank’s Manhattan headquarters.

Several thousand of JPMorgan’s high-net-worth clients attended the session, which opened the SpaceX roadshow. Maye Musk appeared as an in-person special guest. Jamie Dimon said “Elon is the Edison of our time” during a virtual interview with Musk.

Maye Musk said, “When you said you wanted to start with rockets, then I rolled my eyes. ” JPMorgan filed a $162 million lawsuit against Tesla in 2021 over an alleged contract breach regarding stock warrants and dropped the suit last year. Dimon had called Musk “our Einstein” during a CNBC interview in Davos in January.

Goldman Sachs and Morgan Stanley redecorated their headquarters lobbies with SpaceX branding. Bank of America organized launch parties and lit the spire of its Manhattan skyscraper to resemble a rocket take-off. 4 trillion in revenue in 2040.

The banks working on the IPO are on track to receive $500 million in fees. ” Morgan Stanley and Goldman Sachs are also preparing to pitch IPOs for OpenAI and Anthropic later this year.