Insider: SpaceX teams up with 21 banks to prepare for IPO

2026-04-01 01:28:56

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Mars Finance news: an insider disclosed on Tuesday that SpaceX is working with at least 21 banks to prepare its highly anticipated IPO, one of the largest underwriting syndicates in recent years. The IPO has an internal codename of “Apex” and is expected to take place in June; the valuation is set to reach $1.75 trillion, positioning it to become one of Wall Street’s most closely watched stock-market debuts. The insider said that Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners—meaning they are the banks leading the transaction. They added that another 16 banks have signed on to play smaller roles. About half of these banks had not previously appeared in reports. The size of the underwriting syndicate highlights the scale and complexity of the proposed offering plan.

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