SpaceX to Open IPO, Engaging Non-US Banks for Global Reach (SpaceX, NASDAQ:SPCE)

[Para 1: The Lead] SpaceX, the rocket and satellite manufacturer led by Elon Musk, is set to open its Initial Public Offering (IPO), engaging non-US banks to broaden its global investor base. The IPO, anticipated for later this year, is being facilitated by European and regional banks, alongside the four major Wall Street firms: Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co., and Morgan Stanley. [Para 2-3: Supporting details & Context] Prior to SpaceX's acquisition of Musk's xAI, the company held meetings with banks from outside the US, aiming to diversify its underwriting syndicate. SpaceX is considering allocating a significant portion of shares for retail investors, with Robinhood Markets Inc. vying for a key role. The IPO is expected to raise up to $50 billion, making it potentially the largest in history. With SpaceX's valuation at $1 trillion post-xAI acquisition, the combined company is poised for a monumental listing, leveraging a vast array of banks to meet the high fundraising target.