Wall Street Goes All Out to Promote SpaceX's "Record-Breaking" IPO; JPMorgan CEO Praises Musk as the "Edison of Our Time"

According to Business Insider this afternoon (the 5th), Wall Street is going all out to promote the record-setting IPO of Elon Musk's rocket company SpaceX.

On the 4th local time, SpaceX kicked off its investor roadshow at J.P. Morgan's New York headquarters and held a large-scale event for the occasion. J.P. Morgan CEO Jamie Dimon interviewed Musk in front of 3,500 top clients, with Musk joining remotely. At the start, Dimon enthusiastically called Musk “the Edison of our time.”

Addressing thousands of investors, Musk focused his pitch on SpaceX’s almost science-fiction-like long-term vision.

Musk stated that SpaceX needs to raise funds through this massive IPO to utilize solar energy and ultimately achieve the goal of colonizing other planets. SpaceX plans to launch the IPO next week, aiming to raise $75 billion (approximately 509.16 billion RMB at the current exchange rate) at a valuation of about $1.75 trillion (approximately 11.88 trillion RMB at the current exchange rate).

Musk also envisioned that SpaceX may eventually enter the interstellar tourism and hotel business, with the potential to create a “moon hotel.” “If you could vacation on the moon, I think that would be really cool.”

Musk told investors: “If you warm up Mars, one day it could become like Earth, meaning it would have liquid oceans and life, and people could go outside without wearing a spacesuit or any equipment. Mars is a planet that needs renovation, but it has great potential.”

J.P. Morgan is one of the main underwriting banks for this largest IPO in history. As the listing date approaches, J.P. Morgan is not the only major Wall Street bank swept up in the SpaceX frenzy.

Goldman Sachs has already set up rocket ship decorations in the lobby of its Manhattan headquarters. Bank of America fashioned its building lights into the shape of a SpaceX rocket on Thursday night.