According to Bloomberg on June 4, Dimon will host a presentation this week for JPMorgan's affluent clients to discuss the SpaceX IPO. The event will take place at JPMorgan's headquarters and will feature live discussions with Mary Callahan Erdoes, CEO of Asset & Wealth Management at JPMorgan, Gwynne Shotwell, president of SpaceX, and Brett Johnson, CFO of SpaceX.
The event will be broadcast simultaneously to approximately 90 JPMorgan branches across 26 states, with expected attendance exceeding 2,500 clients. While investor presentations before an IPO are standard practice, this event's scale, connecting branches nationwide for high-net-worth clients, is unusual.
SpaceX, led by Elon Musk, is a company focused on rockets, satellites, and artificial intelligence (AI). Bloomberg previously reported that SpaceX aims to go public by the end of this month, with a projected valuation of around $1.8 trillion. If successful, it could mark the largest stock market debut in history.
The underwriting team is composed mainly of major investment banks. Goldman Sachs was selected as the lead underwriter for the SpaceX IPO alongside Morgan Stanley last month. JPMorgan, Bank of America, and Citigroup are also part of the underwriting group, which includes 23 banks.
JPMorgan's involvement reflects a shift in its relationship with Musk. The bank previously sued Tesla over stock warrant transactions related to Tesla's attempted delisting in 2021. Both parties withdrew their lawsuits in November 2024. Since then, Dimon has indicated that he has repaired his relationship with Musk and expressed a willingness to support Musk and his companies.
* This article has been translated by AI.
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