
Jamie Dimon praises Elon Musk as SpaceX prepares for IPO
Jamie Dimon praises Elon Musk as SpaceX prepares for IPO
- SpaceX is preparing for an IPO that could raise $75 billion with a target share price of $135.
- Jamie Dimon praised Elon Musk during a JPMorgan event, despite their past feud.
- The IPO is expected to significantly impact Musk's wealth and the financial institutions involved.
Story
In early 2026, JPMorgan Chase hosted a significant event in Manhattan, where CEO Jamie Dimon publicly praised Elon Musk, the CEO of SpaceX, during a virtual interview. This event was part of a roadshow leading up to SpaceX's anticipated IPO, which is expected to raise a record-setting $75 billion by targeting a share price of $135. Dimon's remarks came as a surprise given their previous public feud, which included a lawsuit filed by JPMorgan against Musk's Tesla in 2021 over an alleged contract breach. The event attracted thousands of high-net-worth clients, showcasing the bank's support for Musk and his ventures. Dimon referred to Musk as the 'Edison of our time,' highlighting the transformative impact Musk has had on technology and innovation over the past two decades. The event also featured a special appearance by Musk's mother, Maye Musk, who shared anecdotes about her son's early ambitions and genius. As SpaceX prepares for its IPO, it has engaged numerous elite banks, including JPMorgan, to assist with the offering, which is seen as a pivotal moment for both Musk and the financial institutions involved. The IPO is expected to generate significant interest and investment, further solidifying Musk's position in the tech industry and potentially making him the world's first trillionaire. The roadshow served as a crucial marketing effort to attract investors and create buzz around SpaceX's mission and future prospects.