By Nupur Anand and Pritam Biswas
June 3 (Reuters) – JPMorgan Chase CEO Jamie Dimon will pitch the upcoming initial public offering of SpaceX to the bank’s wealthy clients this week in a bid to drive retail participation in the record offering, a source familiar with the matter said on Wednesday.
Dimon and senior executives Mary Erdoes and Marianne Lake are set to host the event from the bank’s headquarters in New York City, with more than 2,500 clients expected to attend in what will be the first such event for the bank at this scale.
SpaceX Chief Operating Officer Gwynne Shotwell and CFO Bret Johnsen will also attend, the source said.
SpaceX on Wednesday set an IPO price of $135 per share, a move that bypasses traditional Wall Street price-discovery mechanisms and highlights CEO Elon Musk’s strategy of setting his own terms for capital raises.
The company is aiming to raise $75 billion, the most ever for an IPO, in a deal that would value it at $1.75 trillion, immediately placing it among the top 10 most valuable U.S.-listed firms.
JPMorgan, one of the vast syndicate of banks working on the SpaceX IPO, will broadcast the event for wealthy clients across 90 locations in 26 states, including some JPMorgan branch locations, the source said.
Bloomberg News first reported news of the event.
Major international banks, including Mizuho, Deutsche Bank, UBS and Barclays, have been urged to focus on lining up wealthy individual buyers in their home countries.
Banks often host roadshows ahead of an IPO to sound out investors and arrive at a price range for their share sale. But an event like this to secure retail participation is highly unusual.
Investors have scrambled to secure a position in the deal, drawn by Elon Musk’s track record and the potential for the offering to generate millions of dollars in fees for Wall Street firms.
(Reporting by Pritam Biswas in Bengaluru and Nupur Anand in New York; Additional reporting by Fabiola Arámburo in Mexico City; Editing by Shreya Biswas and Arun Koyyur)
By Nupur Anand and Pritam Biswas | Reuters | © Copyright Thomson Reuters 2026.
