SpaceX is preparing for what could be the largest IPO in history, targeting a share price of $135 that could raise $75 billion, potentially making Elon Musk the world’s first trillionaire. The public debut may occur as soon as next week, with JPMorgan Chase playing a key role in the roadshow and investor outreach, according to fortune.com.
JPMorgan Chase CEO Jamie Dimon hosted a virtual interview with Musk as part of the IPO roadshow at the bank’s Manhattan headquarters. Dimon called Musk the “Edison of our time,” praising his 24-year journey of innovation. The event also featured Musk’s mother, Maye Musk, who recalled telling people about her son’s genius as a child, highlighting his early vision and ambition, fortune.com reported.
The potential $75 billion IPO would be a landmark event in the public markets, surpassing previous large tech listings. It signals strong confidence from major financial institutions like JPMorgan, which is preparing its high-net-worth clients for a series of significant public offerings this year. The scale of the offering underscores SpaceX’s valuation and Musk’s influence in the aerospace and technology sectors, per fortune.com.
The IPO roadshow event took place this week, with JPMorgan hosting thousands of its top clients. The company aims to finalize pricing and proceed with the public listing imminently, setting the stage for a historic capital raise and market debut, fortune.com confirmed.