Morgan Stanley seen as front-runner for SpaceX IPO, sources say

Morgan Stanley is emerging as a leading contender for a key role in SpaceX’s blockbuster initial public offering, as the bank’s close ties to CEO Elon Musk give it an edge in ⁠his decision, according to three people familiar with the matter.

A selection process, or “bake-off,” for the IPO is still underway, with a select group of banks, including Morgan Stanley , Goldman Sachs and JPMorgan, vying for roles, four people familiar with the matter said, adding that there is no certainty Morgan Stanley will secure the coveted “lead left” underwriting position, the sources said.