SpaceX is reportedly planning to assign the IPO-related work to multiple banks.

According to reports, SpaceX is adopting a non-traditional initial public offering (IPO) strategy, delegating responsibilities to a larger group of investment banks. SpaceX has discussed having Morgan Stanley and Goldman Sachs responsible for selling shares to institutional investors, while Bank of America and Citibank will handle sales to individual investors. SpaceX has also hired JPMorgan Chase as an advisor for this IPO. This structure reflects the expected scale of the IPO, which is projected to raise hundreds of billions of dollars, far exceeding most IPOs. It is reported that SpaceX plans to raise funds from individual investors worldwide. In the current discussed structure, Bank of America may mainly be responsible for U.S. domestic investors, while Citibank will coordinate with international banks to sell shares to overseas individual investors. (Financial Associated Press)