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Insiders with in - depth knowledge of the situation reveal that SpaceX's top - level management has kicked off a rigorous selection process for Wall Street investment banks. The goal is to hand - pick advisors for the company's upcoming initial public offering (IPO). This week, a flurry of investment banks are anticipated to put forward their initial proposals. This event has been dubbed a "bidding frenzy" and represents a pivotal moment for SpaceX as it hurtles towards what has the potential to be one of the most significant IPOs on a global scale. The company has set its sights on achieving a valuation of roughly $1.5 trillion. Moreover, it has a fundraising objective that could surpass $30 billion. A portion of the raised capital is earmarked for the construction of space - based data centers, which also includes the acquisition of specialized chips.
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