Wall Street Is Going Gaga for SpaceX

At Goldman Sachs’s Manhattan headquarters, rocket ships have taken over the lobby.

Not to be outdone, Bank of America is planning to light up the spire atop its Midtown offices on Thursday night to resemble a rocket taking off.

A few blocks away, JPMorgan Chase will host a SpaceX sales pitch to thousands of clients at its Park Avenue headquarters. It will broadcast to 90 bank branches and offices across 26 states, some of which will close early for the event. The bank’s chief executive, Jamie Dimon, will be there to sell the deal to the crowd himself.

There has never been a larger initial public offering than that of SpaceX, Elon Musk’s rocket maker and artificial intelligence company, and people involved in the sales effort who were not allowed to speak publicly said Wall Street’s efforts to sell the I.P.O. had been just as extraordinary.

SpaceX’s I.P.O., expected next week, is a high-stakes assignment for the 23 banks and brokerage firms that Mr. Musk has hired to sell shares to investors. The bankers are selling the deal to every possible corner of the investment world, from giant asset managers like BlackRock to individual buyers on Reddit.

Article source: https://www.nytimes.com/2026/06/04/business/wall-street-jamie-dimon-spacex.html