Elon Musk’s SpaceX is reportedly moving closer to a long-awaited IPO in June 2026. According to Bloomberg, Goldman Sachs (GS) is set to lead the mega IPO banking team. That role could give the bank a more prominent position in what may become the largest IPO in history. Meanwhile, Morgan Stanley (MS) is also expected to play a major role.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
For context, SpaceX plans to price the blockbuster offering as early as June 11 and list on the Nasdaq. SpaceX is also reportedly planning to begin its investor roadshow on June 4, with a potential market debut as early as June 12.
Goldman Sachs Emerges as Lead Bank
According to people familiar with the matter, Goldman Sachs has secured the lead position on SpaceX’s IPO prospectus. Notably, a top position on an IPO prospectus usually means the bank plays a larger role in managing the offering and may receive a bigger share of the fees.
Reports also suggest that Bank of America (BAC), Citigroup (C), and JPMorgan Chase (JPM) are reportedly listed on the preliminary prospectus as well.
Several other global banks are also involved in the IPO process. Barclays (BARC) is handling UK share orders, while Deutsche Bank (DB) and UBS (UBS) are managing European demand. At the same time, Royal Bank of Canada (RBC) is overseeing Canadian orders, Mizuho Financial Group (MFG) is handling Asia, and Macquarie Group (MQG) is focused on Australia.
SpaceX Targets $2 Trillion IPO Valuation
Last month, Bloomberg reported that SpaceX is targeting an IPO valuation above $2 trillion. If achieved, it would mark a sharp increase from its recent estimated valuation of around $1.25 trillion following its merger with xAI.
Moreover, the company could reportedly raise up to $75 billion in the offering. The funds are expected to support projects including AI data centers in space, larger rocket systems, and future lunar base plans.
Although SpaceX remains a private company, investors can still monitor its performance and key developments through TipRanks’ Private Companies Center. Below is a screenshot for reference.
