How and why JP Morgan changed one of its oldest policies for SpaceX IPO

JPMorgan Chase is easing lending rules for employee stock after recent tech IPOs. The bank aims to capture wealth generated by new public companies. This move allows borrowing against equity in firms like SpaceX and Anthropic. Federal rules require a 30-day pause, but JPMorgan's prior wait was longer. This strategy targets tech workers seeking liquidity without immediate tax liabilities.