SpaceX is organizing a banking syndicate for a potential initial public offering. The company is employing an unconventional strategy by assigning specialized roles to different investment firms.
Morgan Stanley and Goldman Sachs will focus on share allocations for institutional investors. Bank of America and Citigroup will manage sales to retail investors. JPMorgan Chase is serving as an advisor for the offering.
The syndicate includes international banks to manage global demand. Barclays, Deutsche Bank, Mizuho, Royal Bank of Canada, and UBS will handle sales in their respective regions.
No final decisions regarding the IPO have been made.