Elon Musk Prepares SpaceX for the Largest IPO in History
Elon Musk Encourages Banks to Use the Chatbot "Grok"
Informed sources told The New York Times that Elon Musk is asking banks and their advisors involved in the upcoming IPO of SpaceX to purchase subscriptions for the AI-powered chatbot Grok.
The sources added that some banks have already agreed to spend tens of millions of dollars annually on Grok and have begun integrating it into their IT systems.
The Banks Managing the IPO Include Major U.S. Institutions
Reuters reported that among the banks managing the underwriting are:
- Morgan Stanley
- Goldman Sachs
- JP Morgan Chase
- Bank of America
- Citi Group
These banks are among the largest financial institutions in the U.S. market, adding strength to the planned IPO.
SpaceX Aims for a Valuation Exceeding Two Trillion Dollars
According to a report published by Bloomberg News on Thursday, SpaceX has raised its target market valuation for the IPO to over two trillion dollars, paving the way for it to become the largest IPO in stock market history.
The company aims to raise a record amount of 75 billion dollars, surpassing previous massive IPOs such as:
- Saudi Aramco in 2019
- Alibaba in 2014
Expectations for SpaceX's IPO
The company plans to launch its shares in the market during the current year 2026, seeking to achieve a record listing that reflects the company's strength in the U.S. market.
The IPO is considered the largest of its kind compared to previous offerings, with expectations that it will attract interest from global investors.
