Jamie Dimon hits the road this week. The JPMorgan CEO is heading a two-day event connecting more than 2,500 of the bank's wealthiest clients across 90 locations in 26 states. The sole focus: SpaceX's upcoming initial public offering.
The company founded by Elon Musk aims to raise $75 billion at a share price of $135, positioning it as the largest IPO in history. To put that in perspective, Saudi Aramco's 2019 debut raised roughly $25.6 billion.
JPMorgan built a nationwide simulcast, coordinating with SpaceX executives for what the bank calls an unprecedented outreach to ultra-rich investors. SpaceX President Gwynne Shotwell joins Dimon in the presentations.
SpaceX filed confidentially with the SEC in April 2026 and released its public prospectus on May 20. The company targets a Nasdaq listing under ticker SPCX, with shares potentially trading as early as mid-June. The prospectus values SpaceX between $1.75 trillion and $2 trillion, with the $75 billion raise representing about 4-5% of total equity.
A detail buried in the prospectus: SpaceX holds 18,712 Bitcoin on its balance sheet, valued at $1.45 billion as of December 2025. That's less than 0.1% of the company's implied value. When a company of SpaceX's stature discloses Bitcoin holdings in its IPO prospectus, it normalizes the practice for other pre-IPO firms.
JPMorgan, once famously skeptical of Bitcoin under Dimon, now actively courts wealthy clients for an IPO featuring BTC on the balance sheet.