The Coffee Run: Inside the battle of the banks for SpaceX’s $1.5tn IPO
We've launched a new weekly video series to accompany Morning Coffee, in which we look at one story in more depth to give you the full picture.
The initial public offering of SpaceX, Elon Musk's aerospace and AI company, is set to be one of the biggest of all time. Banks are clamoring to get involved and 22 of them have... two are involved more than the rest.
Those two banks are Goldman Sachs and Morgan Stanley. The former, somewhat unexpectedly, received the top billing for SpaceX's IPO. The industry expected Morgan Stanley to lead, due to Elon Musk's relationship with banking chairman Michael Grimes.
How did Goldman pull it off.? And is there more than meets the eye? Find out by watching the video below.
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