Goldman Sachs · SpaceX · Elon Musk · Jamie Dimon · JPMorgan · Fortune Technology
Such pricing could raise a record-setting $75 billion, and potentially turn Musk into the world’s first trillionaire
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“Elon is the Edison of Fortune’s time,” Dimon said during a virtual interview with Musk Thursday, part of a road show event hosted by the bank at its Manhattan headquarters and attended by several thousands of the bank’s high-net-worth clients.
Key facts
- Several banks have circulated notes and research predicting massive revenue for the space exploration company and high promise for investors, including one recent Morgan Stanley note forecasting
- The pair were involved in a well-publicized feud—that included a $162 million lawsuit filed by JPMorgan against Tesla, Musk’s electric car company, in 2021 over an alleged contract breach regarding
- Earlier this year, SpaceX reportedly was working with at least 21 banks in preparation for the IPO, including heavyweights such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, and Bank of America
- SpaceX is targeting a price of $135 per share when the company goes public—which could happen as early as next week
Summary
As Elon Musk prepares for what will likely be the biggest listing in history, some top-tier bankers assisting with SpaceX’s public debut are lining up to sing Musk’s praises ahead of the big day. SpaceX is targeting a price of $135 per share when the company goes public—which could happen as early as next week. “It’s been an extraordinary 24 years watching Elon grow over time, and now making a massive leap into the future,” Dimon said during the event. “When you were 3 years old, and I told people, ‘I have a genius son,’ they would roll their eyes,” she said.