SpaceX picks Goldman Sachs for lead left position on IPO, sources say
Tesla and SpaceX CEO Elon Musk attend a state banquet for President Donald Trump and China’s President Xi Jinping on the Great Hall of the People in Beijing on May 14, 2026.
Brendan Smialowski | Afp | Getty Images
SpaceX, which is getting set to publicly disclose its IPO prospectus, has picked Goldman Sachs to lead what’s more likely to be a document providing, in keeping with individuals accustomed to the matter.
Goldman may have the lead left position on the prospectus, adopted by Morgan Stanleyafter which Bank of America, Citigroup and JPMorgan Chasementioned the individuals, who requested to not be named as a consequence of confidentiality.
Elon Musk’s reusable rocket firm might make its prospectus public as quickly as Wednesday after confidentially submitting with the Securities and Exchange Commission final month. The providing is predicted to usher in a document sum as SpaceX was most just lately valued at $1.25 trillion by Musk, when he merged the corporate with xAI, his synthetic intelligence startup, in February.
SpaceX did not instantly reply to a request for remark.
Only two tech firms — Facebook and Alibaba — have been valued at even $100 billion after their first day of buying and selling on US exchanges. AI chipmaker Brains debuted on the Nasdaq final week, and closed with a market cap of about $95 billion, setting the stage for what could possibly be a 12 months of mega IPOs tied to the AI ​​commerce.
SpaceX is trying to get to the general public market forward of AI mannequin leaders OpenAI and Anthropic, that are every valued at near $1 trillion by non-public traders. Those firms are eyeing to go public as quickly as this 12 months.
For Musk, the extremely anticipated prospectus is about to land simply days after he suffered a stinging defeat in court docket to OpenAI and Sam Altmanits CEO. Musk sued Altman in 2024, claiming he broke a promise to maintain OpenAI, which Musk helped begin 9 years earlier, a nonprofit.
An advisory jury in Oakland, California, on Monday mentioned Musk waited too lengthy to sleep OpenAI and Altman over the claims, and the decision was instantly adopted by District Court Judge Yvonne Gonzalez Rogers. Musk referred to as the choice a “calendar technicality“, and vowed to attraction.
The final time Musk took an organization public was 2010, when tesla hit the Nasdaq, Goldman led that providing as nicely, with Morgan Stanley, JPMorgan and Deutsche Bank subsequent on the filing.
