SpaceX Taps Top Banks for Historic IPO, Valuing Company at $1.5 Trillion

• SpaceX has reportedly selected Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to lead its initial public offering.
• The company is targeting an IPO as early as this year, aiming to raise over $30 billion.
• The IPO could value Elon Musk's rocket and satellite firm at approximately $1.5 trillion, making it potentially the largest listing ever.
• SpaceX is also proceeding with an insider share sale, which currently values the company at around $800 billion.
• Employees have been instructed to observe a quiet period regarding the IPO, a standard regulatory requirement.

Why It Matters: SpaceX is moving forward with plans for a massive IPO, enlisting major banks for a potential $1.5 trillion valuation.