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EN590 Commodities GroupMarket Analysis 2026-08-26T15:58:00+00:00
JPMorgan Chase (NYSE: $JPM) is loosening its approach to lending against shares held by employees and early investors in newly listed companies like SpaceX (NASDAQ: $SPCX) as Wall Street races to capture the growing wealth created by the AI boom. The bank has traditionally avoided accepting shares as collateral for 135 days after a company goes public. However, ahead of SpaceX's much-anticipated initial public offering in June, JPMorgan told bankers it could lend against the rocket and AI company's shares before that period had expired, the Financial Timesreportedon Tuesday, citing people familiar with the matter. Bankers at the US lender expect a similar approach could be considered for Anthropic, the company behind the Claude chatbot, if it proceeds with an IPO. JPMorgan earned about $75
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