The banking giant is hoping to win new clients from high-profile tech firms such as SpaceX and Anthropic. The firm typically did not accept shares as collateral in a company that had gone public within the last 135 days.

However, JPMorgan told bankers ahead of SpaceX’s initial public offering (IPO) in June that it would lend against shares in the rocket company and it is expected to have a similar approach when Anthropic, the Claude chatbot creator, goes public later this year, reports the Financial Times.

JPMorgan earned $75 million from its role in the SpaceX listing as it seeks to win business from the huge wealth generated by the AI boom. Its typical policy prior to SpaceX was already longer than the 30 days broker-dealers generally waited to lend against shares when they worked on an IPO under US securities rules.

Goldman Sachs and other banks typically don’t wait longer than the 30-day period before engaging in this type of lending, reports the paper. Goldman Sachs declined to comment.

JPMorgan said: “Our practices exceed regulatory requirements, and we have always assessed transactions on a case-by-case, client-by-client basis, factoring in elements such as market liquidity.”

Anthropic declined to comment. SpaceX did not respond to a request for comment.