SpaceX Taps Top Banks for Mega-IPO, Targets $1.5 Trillion Valuation

• SpaceX has selected Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to lead its upcoming initial public offering.
• The company is aiming for an IPO as early as this year, potentially raising over $30 billion.
• The IPO could value Elon Musk's rocket and satellite firm at approximately $1.5 trillion, making it the largest-ever listing.
• SpaceX is currently conducting an insider share sale, valuing the company at around $800 billion.
• Employees were informed in December about entering a quiet period, a regulatory step before a public listing.

Why It Matters: SpaceX is moving forward with plans for a record-breaking IPO, enlisting major banks and targeting a $1.5 trillion valuation.