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…