TLDR
- SpaceX has selected Goldman Sachs for the lead left role on its planned IPO prospectus.
- Morgan Stanley is expected to follow Goldman, with Bank of America, Citigroup and JPMorgan Chase also in senior underwriting roles.
- SpaceX could publicly disclose its IPO prospectus as soon as this week after confidentially filing with the SEC.
- The company is reportedly targeting a Nasdaq debut as early as June 12, 2026, under the expected ticker symbol SPCX.
- SpaceX may seek to raise up to $75 billion at a valuation of about $1.75 trillion, which would make it the largest IPO in history.
SpaceX has selected Goldman Sachs for the lead left position on its planned initial public offering, according to people familiar with the matter. The role places Goldman at the top of the underwriting group for what could become the largest IPO ever completed on a public exchange.
Morgan Stanley is expected to appear next on the prospectus, followed by Bank of America, Citigroup and JPMorgan Chase. The lineup gives SpaceX a broad Wall Street syndicate as the company prepares to release its public filing after submitting confidential documents to the U.S. Securities and Exchange Commission last month.
The Elon Musk-led rocket and satellite company could publicly disclose its IPO prospectus as soon as Wednesday. The filing is expected to offer investors the clearest public view yet of SpaceX’s revenue, launch business, Starlink operations, capital spending and long-term financial position.
Goldman Sachs Takes Lead Role in SpaceX IPO
Goldman Sachs is expected to hold the senior underwriting position, commonly known as lead left. The title usually goes to the bank with the most prominent role in managing an IPO, coordinating investor demand and helping set pricing.
BREAKING: SpaceX has selected Goldman Sachs to lead its record-setting IPO, per CNBC.
Also working on the IPO will be Morgan Stanley, Bank of America, Citigroup, and JPMorgan.
SpaceX could publicly disclose its prospectus as soon as Wednesday. pic.twitter.com/dq9LzlgB5f
— The Kobeissi Letter (@KobeissiLetter) May 19, 2026
Morgan Stanley is also expected to serve as a leading bank on the offering. Bank of America, Citigroup and JPMorgan Chase are set to join the top group, while additional banks are expected to take smaller roles covering institutional, retail and international demand.
The choice of Goldman adds a familiar name to Musk’s public market history. Goldman also led Tesla’s 2010 IPO, with Morgan Stanley and JPMorgan among the banks listed on that transaction. Tesla’s market debut remains Musk’s most recent major public listing before the planned SpaceX offering.
SpaceX Targets Historic Nasdaq Listing
SpaceX is reportedly targeting a Nasdaq listing as early as June 12, 2026, under the expected ticker symbol SPCX. Investor roadshows are expected to begin on June 4, with IPO pricing planned for June 11, according to the proposed timeline.
The company is said to be aiming to raise as much as $75 billion at a valuation near $1.75 trillion. If completed at that level, the SpaceX IPO would be the largest stock market flotation in history.
The targeted valuation would mark a rise from the $1.25 trillion valuation connected to Musk’s February combination of SpaceX with xAI, his artificial intelligence startup. That figure already placed the company among the most valuable private businesses in the world.
Only a small number of technology companies have reached valuations above $100 billion shortly after listing on U.S. exchanges. Facebook and Alibaba were among the rare companies to pass that level after public trading began. The current IPO market has also been supported by renewed investor demand for large technology and artificial intelligence-linked companies.
Prospectus May Give Investors Key Financial Details
The planned prospectus is expected to attract close attention because SpaceX has remained private while building large businesses in launch services, satellite internet and government contracts. Public investors are likely to examine Starlink subscriber trends, launch margins, debt levels and research spending.
SpaceX has become a major provider of reusable rocket launches and satellite-based broadband services. Its Starlink network has expanded across several markets, while the company continues to secure commercial and government launch contracts.
The IPO also comes as other major private technology companies consider public listings. OpenAI and Anthropic have been valued near $1 trillion by private investors and are also viewed as possible public market candidates.
