Tesla (TSLA) Chief Executive Elon Musk's SpaceX has held meetings with international banks as it moves toward an ambitious initial public offering targeted for later this year, Bloomberg reported Wednesday, citing people familiar with the situation.
The meetings, held in mid-January at SpaceX's California office, included banks from Europe and other regions and took place before the company announced earlier this week that it would acquire xAI, the people told Bloomberg.
SpaceX had already interviewed major Wall Street firms, and Bank of America (BAC), Goldman Sachs (GS), JPMorgan Chase (JPM), and Morgan Stanley (MS) have been lined up to lead the listing, the report added.
SpaceX is also considering allocating a sizable portion of its IPO to retail investors, with Robinhood Markets (HOOD) seeking a prominent role, as a listing would bring the world's largest private company to market at an implied combined valuation of about $1.25 trillion following the xAI acquisition, according to the report.
No final decisions have been made, and the structure and timing of the IPO could still change, the report said.
SpaceX didn't immediately reply to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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