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According to reports, Elon Musk's rocket-building enterprise, SpaceX, is gearing up for what is anticipated to be the most massive initial public offering (IPO) in history. The company has handpicked four of Wall Street's premier investment banks—Bank of America, Morgan Stanley, Goldman Sachs, and JPMorgan Chase—to serve as the lead underwriters. These financial powerhouses will shoulder the responsibilities of orchestrating the IPO process, setting the stock price, organizing roadshows to woo potential investors, and allocating shares. At present, SpaceX is in the midst of a secondary share sale, with the company's overall market value estimated at around $800 billion. The targeted valuation for this IPO could soar to a staggering $1.5 trillion, with the amount of funds raised projected to surpass $30 billion.
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