SpaceX picks Goldman Sachs for lead left position on IPO, sources say
Tesla and SpaceX CEO Elon Musk attends the state banquet for President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026.
Brendan Smialowski | Afp | Getty Images
SpaceX, which is preparing to announce its IPO statement to the public, Goldman Sachs Leading to what could be a record bid, according to people familiar with the matter.
Goldman will lead and trail on the left side of the prospectus. Morgan Stanleyand later Bank of America, citigroup And JPMorgan ChasePeople who wished to remain anonymous for privacy reasons said the following.
Elon Musk’s reusable rocket company could make its prospectus public on Wednesday, after filing confidentially with the Securities and Exchange Commission last month. The offer is expected to bring in a record amount because Musk was last valued at $1.25 trillion when SpaceX merged the company with artificial intelligence startup xAI in February.
SpaceX did not immediately respond to a request for comment.
Only two tech companies — Facebook And Alibaba’s – Even after the first day they started trading on the US stock exchanges, their value was 100 billion dollars. artificial intelligence chip manufacturer brains It debuted on Nasdaq last week and closed with a market cap of about $95 billion, setting the stage for a year of mega IPOs tied to AI trading.
SpaceX aims to enter the public market ahead of AI model leaders OpenAI and Anthropic, which are each valued at close to $1 trillion by private investors. These companies plan to go public as soon as this year.
The highly anticipated statement for Musk will be released just days after he suffered a crushing defeat in court against OpenAI and its CEO Sam Altman. Musk sued Altman in 2024, claiming he had broken his promise to keep OpenAI, which he helped found nine years earlier, a nonprofit organization.
An advisory jury in Oakland, California, on Monday said Musk waited too long to sue OpenAI and Altman over the allegations, and the verdict was quickly agreed to by District Court Judge Yvonne Gonzalez Rogers. Musk decision “calendar technicality” he said and promised to appeal.
This is breaking news. Please refresh for updates.
