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Michael Grimes: The Architect Behind SpaceX's IPO Journey

2/10/2026

39 6 Full Breakdown

Summary

Story summary

Michael Grimes of Morgan Stanley helped facilitate Tesla's IPO.
He spent years preparing for SpaceX's IPO, aiming to secure a leading role for Morgan Stanley.
By the time Elon Musk chose to take SpaceX public, Grimes had transitioned to the Commerce Department in Washington, D.C.
He observed from a distance as his former colleagues sought roles in what could become the largest IPO ever.

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Story summary

Michael Grimes of Morgan Stanley helped facilitate Tesla's IPO.
He spent years preparing for SpaceX's IPO, aiming to secure a leading role for Morgan Stanley.
By the time Elon Musk chose to take SpaceX public, Grimes had transitioned to the Commerce Department in Washington, D.C.
He observed from a distance as his former colleagues sought roles in what could become the largest IPO ever.