Insider: JPMorgan's Damon will promote SpaceX's IPO to wealthy clients.

An informed source revealed on Wednesday that JPMorgan Chase CEO Damon will be promoting SpaceX's upcoming initial public offering to the bank's high net worth clients this week, aiming to encourage retail investors to participate in this record-breaking fundraising event. Damon will co-host the event with executives Eldoras and Lake at JPMorgan's headquarters in New York City, with over 2,500 clients expected to attend, marking the first time the bank has held such a large-scale event. Sources say that SpaceX COO Shotwell and CFO Johnson will also be in attendance. SpaceX priced its IPO at $135 per share on Wednesday, with plans to raise $75 billion through this IPO, setting a new record for IPO fundraising size, with a projected valuation of $1.75 trillion, immediately placing it among the top ten listed companies in the United States. Sources say that as one of the large bank underwriters participating in the SpaceX IPO, JPMorgan Chase will live stream the event for high net worth clients at 90 locations in 26 states.