20/05/2026
According to people familiar with the matter, Goldman Sachs Group will take a dominant position in the initial public offering (IPO) of SpaceX (Space Exploration Technologies Corp.), securing a prominent advantage in what is expected to be the largest listing in history.
The people familiar with the matter added that Morgan Stanley has also been named a lead bank for the IPO. Since the relevant information has not yet been made public, the person requested anonymity. In addition, Bank of America, Citigroup and JPMorgan Chase will also appear in the preliminary prospectus in alphabetical order, and another group of people familiar with the matter also chose to remain anonymous because the information is not yet public.
Reports indicate that the company owned by billionaire Elon Musk, which covers rocket, satellite and artificial intelligence businesses, is expected to file its IPO application as early as Wednesday.
Notably, a bank’s appearance on the cover of a high-profile IPO prospectus usually means it plays a more active role in the listing transaction and, in some cases, may also receive a higher proportion of service fees.
People familiar with the matter stated that relevant discussions are still ongoing, and the issuance details of this IPO may still change. The Wall Street Journal was the first to report the information about this IPO bank lineup.
As of now, representatives from Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase have all declined to comment on the matter, and a SpaceX spokesperson has not yet responded to a request for comment.
According to people familiar with the matter, SpaceX’s target fundraising amount for this IPO is as high as $75 billion, and the company’s valuation is expected to exceed $2 trillion. Calculations by Bloomberg show that if this scale is achieved, SpaceX’s IPO will easily surpass the $29.4 billion IPO record set by Saudi Aramco in 2019, becoming the largest listing transaction in global history.
In addition, several other banks are also involved in the relevant work of this IPO: Barclays is responsible for the IPO stock issuance orders in the UK market, while Deutsche Bank and UBS Group are responsible for the orders in the European market.
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