Overview
- People familiar with the matter say Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley are being lined up for senior roles on the offering.
- Discussions are described as early with no final mandates, additional banks could join, and SpaceX and the banks have declined to comment as the company remains in a quiet period signaled to employees in December.
- Multiple reports suggest proceeds could exceed $25 billion and potentially top $30 billion at a valuation near $1 trillion to $1.5 trillion, which would rank among the largest IPOs on record beside Saudi Aramco’s $29 billion deal.
- A recent insider share sale reportedly valued SpaceX at about $800 billion, offering a private-market benchmark ahead of any public listing.
- Reporting indicates funds would support scaling Starlink and advancing the Starship program, and Morgan Stanley is viewed as a leading contender for top billing given its longstanding ties to Elon Musk.