PANews reported on April 1st that, according to Jinshi, sources revealed on Tuesday that SpaceX is partnering with at least 21 banks to prepare for its blockbuster IPO, one of the largest underwriting syndicates in recent years. Internally codenamed "Apex," the IPO is expected to take place in June, with a valuation of $1.75 trillion, poised to become one of Wall Street's most anticipated stock market debuts. Sources said Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are acting as active bookrunners, meaning the banks leading the management of the transaction. They added that another 16 banks have signed on for smaller roles. About half of these banks have not been previously reported on. The size of the underwriting syndicate underscores the scale and complexity of the proposed offering.