Jamie Dimon to Pitch JPMorgan’s Ultra-Rich Clients on SpaceX IPO
Jamie Dimon is courting ultra-wealthy investors as SpaceX prices shares at $135 and prepares to raise about $75 billion.
- JPMorgan CEO Jamie Dimon personally addresses 2,500 of the bank's wealthiest clients on Thursday regarding the SpaceX IPO, joined by SpaceX President Gwynne Shotwell and CFO Bret Johnsen.
- SpaceX is carving out up to 30% of the offering for retail investors via Robinhood Markets, Charles Schwab, and Fidelity, which allocate shares by lottery rather than traditional subscription.
- Bank of America Corp. has arranged a parallel pitch for more than 5,000 invitees across its private bank and Merrill Lynch divisions, while Mizuho, Deutsche Bank, UBS, and Barclays court wealthy buyers in their home markets.
- Describing new exchange-traded funds as an "ETF spaghetti cannon," Morningstar's Ben Johnson warned the rollout fuels speculative frenzy before trading begins, though shares may trade cheaper once insider lockups expire.
- Polymarket traders price a 92% chance of listing before June 15, with shares priced at $135 for the June 12 opening, as SpaceX reported $18.7 billion in 2025 revenue against a $2.6 billion operating loss.
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From JPMorgan to Goldman Sachs: US banks are preparing for the highly anticipated SpaceX exchange with events.
Jamie Dimon Pitches SpaceX IPO To 2,500 Wealthy JPMorgan Clients Thursday - Bank of America (NYSE:BAC), R
Jamie Dimon will personally pitch the SpaceX IPO to 2,500 wealthy JPMorgan clients Thursday, while Robinhood traders face lottery odds for the same shares.
Watch Jamie Dimon to Pitch SpaceX IPO to JPMorgan’s Ultra-Rich Clients
JPMorgan Chase CEO Jamie Dimon plans to discuss the upcoming SpaceX initial public offering with thousands of the bank’s high-net-worth clients in a “live interactive discussion” from JPMorgan’s headquarters. Benedikt Kammel reports on Bloomberg Television.
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