SpaceX's historic IPO roadshow becomes a "star-chasing" scene: Wall Street giants turning into fans, not reading the prospectus, only watching Musk.

Elon Musk is still able to impress investors with his vision for the future. Note that with the launch of this trade-focused marketing campaign aimed at retail investors, any doubts about the record-breaking IPO of SpaceX (SPCX.US) - whether it be about valuation, company growth trajectory, or technical execution - have been put aside. At an investor event hosted at J.P. Morgan headquarters by Jamie Dimon, many attendees praised the world's richest man and lauded his character, preferring to focus on the grand blueprint. Sidd Pagidipati, founder and chairman of Ayon Capital, said, "This is an epic event. I believe this company will be the largest, most tangible, and most towering iconic enterprise in human civilization history." Despite initially limiting his risk exposure to 1%, Pagidipati's support for SpaceX remains unwavering. He said, "As long as Elon is alive, I have no doubt." As this company covering rocket, satellite, and artificial intelligence business sets its sights on a historic debut, bankers from all of Wall Street have been meeting with potential buyers, promoting its listing terms. SpaceX has initiated the market promotion process for its $750 billion IPO, which is priced at $135 per share and is poised to be the largest IPO in history. Some research analysts are warning potential buyers that their models show that by the end of 2030, SpaceX's artificial intelligence division revenue will increase by 100 times in order to support its target valuation of $1.8 trillion. For investors who have just walked out of the J.P. Morgan event, these numbers seem completely reasonable. Dylan Hickson, president of Arden Road Investments, said, "This is not an unreasonable valuation for the company." Over the years, he has obtained the company's risk exposure through venture capital and special purpose banks. He estimates that SpaceX accounts for about 20% of their entire investment portfolio, and he stated that they will continue to invest after the IPO. "This is a company with epoch-making significance." Several investors interviewed said they had not read the prospectus, which details the grand vision of establishing a Martian colony and a potential market total addressable market of $28.5 trillion. However, Musk's conversation with Dimon swept away their doubts. In this discussion, the billionaire detailed his visions for space travel, lunar vacations, and Martian colonization, thoroughly infecting the enthusiastic crowd on-site. Oliver Grace, CEO of Grace Family Office, said in an interview, "He is very visionary, a futurist. I believe in what he's doing." Grace said the event solidified his confidence because it showed that "there are many serious and influential people supporting his cause." Ron Baron, a fervent supporter of SpaceX and founder of Baron Capital managing nearly $50 billion in assets, plans to increase his investment in the company by an additional $10 billion on top of the already held shares worth over $15 billion after the company goes public. According to data, Baron Partners fund has a risk exposure of about 33% to SpaceX and over 20% to Tesla, Inc., another company under Musk's control. Baron told the media, "Musk not only has dreams, but is truly a compassionate and talented person. He is doing these things for all of humanity, not just for himself." He looks forward to SpaceX's various businesses eventually generating "trillions and trillions, even tens of trillions of dollars in revenue annually."