SpaceX opens IPO pitching to non-US banks


Record listing: SpaceX headquarters is shown in Hawthorne, California. SpaceX’s IPO is already set to be the biggest of all time, with the amount raised expected to be as much as US$50bil, even before it included xAI. — Reuters

LOS ANGELES: SpaceX has held meetings with banks from outside the United States for its initial public offering (IPO), according to people familiar with the matter, as Elon Musk’s rocket and satellite maker targets a listing this year on an ambitious timeline.

Foreign banks pitched for roles at SpaceX’s California office in mid-January, with one grouping comprising European banks and another made up of firms from other regions, some of the people said, asking not to be identified as the information isn’t public.

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