SpaceX IPO a boon for banks, ultrarich

SpaceX's IPO is expected to generate significant wealth for banks and the ultra-rich, with most individual investors unable to purchase shares at the offering price. The IPO will allocate $22.5 billion for retail investors, but high-net-worth individuals are likely to capture a large portion. Banks including JPMorgan, Morgan Stanley, and Bank of America are leveraging the IPO to strengthen ties with wealthy clients through exclusive events.