JPMorgan eases share-backed loan stance for AI-era IPOs like SpaceX
JPMorgan Chase is easing its stance on loans backed by employee or early-investor shares in newly listed companies, a Financial Times report said. The bank typically rejects shares from firms public for under 135 days, but it told bankers it would consider the earlier window for SpaceX before its June IPO, and may do likewise for Anthropic. JPMorgan earned $75m on the SpaceX listing while stressing case-by-case liquidity checks.