[SpaceX Initiates IPO Process, Seeks Advice from Wall Street Investment Banks] According to a report by Jinse Finance, insiders revealed that SpaceX executives are initiating the process of selecting Wall Street banks to provide advisory services for its initial public offering (IPO). Insiders stated that investment banks are scheduled to conduct preliminary presentations next week, marking the most concrete step yet for the rocket manufacturer toward what could be a blockbuster IPO. Last Friday, SpaceX informed employees that the company is preparing for a potential public offering next year. Earlier this month, The Wall Street Journal reported that SpaceX is also seeking a secondary stock sale, valuing the company at approximately $800 billion, up from $400 billion this summer. (Jin10)