Elon Musk’s rocket maker SpaceX is lining up four Wall Street investment banks for leading roles on a blockbuster initial public offering, which is likely to be the world’s largest ever new listing.
SpaceX executives have held meetings with bankers from Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley in recent weeks as the company prepares for an IPO as soon as this year, according to people familiar with the matter.
The rocket group, which is the world’s most valuable start-up, held talks in December over a private share sale at an $800bn valuation, more than double its previous value of nearly $400bn.
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