As SpaceX gears up for its highly anticipated initial public offering (IPO), major Wall Street banks are rolling out the red carpet for their wealthy clients. Bank of America, JPMorgan, and Morgan Stanley are hosting exclusive events to attract investors eager to participate in the IPO, which aims to raise $75 billion and value the company at $1.75 trillion.

Bank of America’s Efforts

Bank of America is leading the retail distribution effort in the U.S. and has planned a lavish event for its wealth management clients. The bank’s headquarters in midtown Manhattan’s Bryant Park is adorned with SpaceX imagery, and the building’s spire will be lit to resemble a rocket ship taking off. Co-President Jim DeMare will lead discussions with SpaceX President and COO Gwynne Shotwell and CFO Bret Johnsen.

JPMorgan’s Grand Scale

JPMorgan is also pulling out all the stops, with CEO Jamie Dimon hosting a similar event featuring the same SpaceX executives. The bank expects more than 2,500 clients to attend, marking its first event of this scale. The event is part of a broader effort to engage clients across its private bank and Merrill Lynch divisions.

Morgan Stanley’s Approach

Morgan Stanley will host its event on Monday, inviting top financial advisors to hear from SpaceX executives. Jed Finn, head of wealth management, and Kate Claassen, the lead banker in the IPO, will host the event. These efforts underscore the intense competition among banks to secure a piece of the SpaceX IPO action.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.