* BofA, Morgan Stanley ( MS ) and JPMorgan ( JPM ) host exclusive events
for wealthy clients, financial advisors
* Musk speaks at JPMorgan ( JPM ) event, touts revenue
predictability
* Thousands of clients invited to launch parties and
livestreams
* Expected $75 billion IPO is the talk of Wall Street
(Adds Musk appearance and comments in paragraphs 2, 6-8, Dimon
comment in paragraph 10; S&P decision on fast entry rules in
paragraph 18)
By Tatiana Bautzer and Nupur Anand
NEW YORK, June 4 (Reuters) - Wall Street's investment
banking giants are feting hopeful buyers of Elon Musk's SpaceX
at splashy events that kicked off on Thursday, offering
something most banks can't: access to the rocketmaker's top
executives ahead of its blockbuster IPO next week.
Musk himself showed up at a lead event - virtually.
His futuristic IPO, which bases its lofty valuation on
sci-fi concepts like colonizing Mars and data centers in space,
has captured the imagination - and wallets - of Wall Street and
investors clamoring for a piece of the action.
Bank of America ( BAC ), JPMorgan ( JPM ) and Morgan Stanley ( MS )
are all hosting events over the next few days.
With plans to raise a record $75 billion, it would be the
largest of all time. At an expected $1.75 trillion market
capitalization, the company will immediately become one of the
most valuable listed names worldwide.
Musk spoke to JPMorgan ( JPM ) clients by video link at an event
hosted by CEO Jamie Dimon on Thursday, in what a source familiar
with the matter said was a last-minute addition to the event.
Asked by Dimon what prompted him to take SpaceX public now,
Musk said: "We're embarking on a massive new growth phase, and
we need capital for that."
Musk also said he felt "pretty good" about the company's
revenue projections and that revenue had become "much more
predictable" than earlier.
SpaceX President and Chief Operating Officer Gwynne Shotwell
and CFO Bret Johnsen attended JPMorgan's ( JPM ) recently opened
headquarters in person. Even Musk's mother, Maye, was in the
room.
In the first such event for the bank at this scale, with
around 3,500 clients tuned in, Dimon said JPMorgan ( JPM ) was looking
to treat "individual investors the same way institutions are
treated."
JPMorgan ( JPM ) also played a video of a SpaceX rocket launch on
Thursday on repeat across wide screens at its headquarters along
with the words "Go for Launch" projected several feet high
across the lobby.
Bank of America ( BAC ), which is leading the retail distribution
effort in the U.S., decked out the lobby at its midtown
Manhattan headquarters with SpaceX rockets and other images for
an event Thursday for wealth management clients, a person
familiar with the matter said.
The event will be headed by Co-President Jim DeMare, who
will interview SpaceX's Shotwell and Johnsen about the company's
public trading debut, according to a person with knowledge of
the matter. It was not clear if Musk would participate in the
Bank of America ( BAC ) event. The bank also plans to light the
building's spire Thursday night to resemble a rocket ship taking
off.
Bank of America's ( BAC ) private bank and Merrill Lynch have
invited more than 5,000 clients to market launch parties being
hosted by the bank and streamed to offices across the U.S. as
part of the Merrill presence.
On Monday, Morgan Stanley ( MS ) is hosting an event for its wealth
management clients featuring SpaceX executives along with Kate
Claassen, the lead banker in the IPO, and wealth management head
Jed Finn.
It was not clear if Goldman Sachs ( GS ) was organizing an
event similar to its well-heeled rivals for its wealth
management clients. The bank is also showcasing SpaceX model
rockets in two lobbies in its downtown Manhattan headquarters to
mark the stock debut.
Typically, Goldman Sachs ( GS ) does offer large deals to its
private wealth clients, according to people familiar with the
matter.
Separately, Musk faced a setback on Thursday when S&P Global ( SPGI )
said it was not changing the requirements for entry
into its major indices, effectively ruling out a swift entry for
SpaceX into the benchmark S&P 500 index.