Insiders: SpaceX Collaborates with 21 Banks to Prepare for IPO

Odaily News According to insiders on Tuesday, SpaceX is collaborating with at least 21 banks to prepare for its blockbuster IPO, forming one of the largest underwriting syndicates in recent years. The internal codename for this IPO is "Apex," and it is expected to take place in June with a valuation reaching $1.75 trillion, positioning it to become one of the most highly anticipated stock market debuts on Wall Street. The insiders stated that Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners, meaning they are the lead banks managing the transaction. They added that another 16 banks have signed on to play smaller roles. Approximately half of these banks had not been previously reported. The size of the underwriting syndicate highlights the scale and complexity of the proposed offering plan. (Jin10)