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In a bid to clinch the lead underwriter position for SpaceX's Initial Public Offering (IPO), Goldman Sachs CEO David Solomon took a personal approach by sending a direct message to Elon Musk on the social media platform X, underscoring his unwavering dedication. This strategic move was initiated by a top-tier investment banker at Goldman Sachs. Building on its longstanding business ties with SpaceX and complemented by this personalized outreach, Goldman Sachs successfully gained SpaceX's preference. Earlier, leading Wall Street investment banks had been embroiled in a fierce battle to secure the lead underwriter role for this highly anticipated IPO. SpaceX aims for a valuation exceeding $2 trillion for this listing, with intentions to raise $75 billion through the public offering process.
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