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Wall Street banks and CEOs promote SpaceX in flashy events with BofA, Morgan Stanley, JPM events planned 
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Wall Street banks and CEOs promote SpaceX in flashy events with BofA, Morgan Stanley, JPM events planned 
Jun 4, 2026 10:27 AM

* BofA, Morgan Stanley ( MS ) and JPMorgan ( JPM ) host exclusive SpaceX

IPO events for wealthy clients and financial advisors

* Thousands of clients invited to launch parties and

livestreams

* IPO has rippled through Wall Street

By Tatiana Bautzer

NEW YORK, June 4 (Reuters) - Wall Street banks are

competing to offer special events for wealthy clients trying to

get a piece of the SpaceX IPO, with Bank of America ( BAC ) and JPMorgan ( JPM )

hosting splashy events ahead of its launch next week and some

bank CEOs involved in the action.

Elon Musk's SpaceX blockbuster IPO next week has rippled through

Wall Street banks, investors and the financial industry that all

want a slice of the action. The IPO aims to raise $75 billion,

valuing the company at $1.75 trillion.

Bank of America ( BAC ), which is leading the retail distribution

effort in the U.S., will host on Thursday an event for its

wealth management clients, while it has decked its headquarters

in midtown Manhattan's Bryant Park with SpaceX images throughout

the lobby, a source familiar with the matter said. On Thursday

evening the bank will light the building's spire to make it look

like a rocket ship taking off.

Bank of America's ( BAC ) event will be headed by Co-President Jim

DeMare speaking with SpaceX President and Chief Operating

Officer Gwynne Shotwell and CFO Bret Johnsen about the upcoming

SpaceX IPO.

A similar event will be headed by JPMorgan ( JPM ) CEO Jamie Dimon

on Thursday with the same SpaceX executives. More than 2,500

clients are expected to attend in what will be the first such

event for the bank at this scale.

More than 5,000 clients across its private bank and Merrill

Lynch have been invited to market launch parties being hosted by

the bank and streamed to offices across the U.S. as part of the

Merrill presence.

Morgan Stanley ( MS ) will have its event for wealth management

clients on Monday and invited its top financial advisors to hear

from SpaceX executives. The event will be hosted by Jed Finn,

head of wealth management, and Kate Claassen, the lead banker in

the IPO.

(Reporting by Tatiana Bautzer and Nupur Anand, Additional

reporting by Akash Sriram; Editing by Megan Davies, Dawn Kopecki

and Andrea Ricci )

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