As Elon Musk prepares for what will likely be the biggest listing in history, some top-tier bankers assisting with SpaceX’s public debut are lining up to sing Musk’s praises ahead of the big day.
SpaceX is targeting a price of $135 per share when the company goes public—which could happen as early as next week. Such pricing could raise a record-setting $75 billion, and potentially turn Musk into the world’s very first trillionaire. A successful IPO would also likely be very good business for the legion of banks gearing their investors up for a potentially blockbuster series of public listings through the rest of the year. And one unlikely ally on his side is JPMorgan Chase CEO Jamie Dimon, who, despite their public feud years ago, is now singing Musk’s praises.
“Elon is the Edison of our time,” Dimon said during a virtual interview with Musk Thursday, part of a roadshow event hosted by the bank at its Manhattan headquarters and attended by several thousands of the bank’s high-net-worth clients.
“It’s been an extraordinary 24 years watching Elon grow over time, and now making a massive leap into the future,” Dimon told Musk during the event. The interview opened with an in-person special guest appearance from his mother, Maye Musk, who similarly lavished praise on her son’s seemingly prodigal vision for the future as a child.
