Exclusive | SpaceX Starts a Wall Street Bake-Off to Hire Banks for Possible IPO

SpaceX executives are starting the process to select Wall Street bankers to advise it on its initial public offering, according to people familiar with the matter. 

Investment banks are scheduled to make their initial pitches this coming week in what is known as a bake-off, according to people familiar with the matter, representing the most concrete steps the rocket maker has taken toward what would be a blockbuster IPO.