J.P. Morgan Joins SpaceX $1.75 Trillion Nasdaq IPO With $1.45B Bitcoin Disclosure
J.P. Morgan will co-lead SpaceX’s planned Nasdaq IPO targeting a $1.75 trillion valuation alongside Goldman Sachs, Morgan Stanley, Bank of America and Citigroup. The IPO filing reveals SpaceX holds 18,712 bitcoin valued at $1.45 billion, highlighting significant asset disclosures for potential underwriters.
1. Underwriting Syndicate
J.P. Morgan is part of a five-bank syndicate co-leading SpaceX’s IPO alongside Goldman Sachs, Morgan Stanley, Bank of America and Citigroup, positioning the firm to capture substantial underwriting fees from one of the largest listings in history.
2. IPO Valuation and Timeline
SpaceX is seeking a $1.75 trillion valuation and could make its public-market debut as soon as June 12 on Nasdaq and Nasdaq Texas under the ticker SPCX, marking a record-setting entry for a privately held company.
3. Bitcoin Holdings Disclosure
The IPO registration shows SpaceX holds 18,712 bitcoin acquired at a $661 million cost basis, resulting in a $1.45 billion position on its balance sheet and ranking it among the top corporate crypto treasuries.