SpaceX reportedly plans to distribute the related work of the IPO to multiple banks.

According to reports, SpaceX is taking a non-traditional approach to its initial public offering, by assigning responsibilities to a larger group of investment banks. SpaceX has discussed having Morgan Stanley and Goldman Sachs handle the distribution of shares to institutional investors, while Bank of America and Citibank will handle the sale of shares to individual investors. SpaceX has also hired JPMorgan to advise on the IPO. This structure reflects the expected scale of the IPO, which is projected to raise billions of dollars, far surpassing most IPOs. It is reported that SpaceX plans to raise funds from individual investors globally. In the current structure being discussed, Bank of America may primarily handle investors in the United States, while Citibank will coordinate international banks to sell shares to overseas individual investors.