Insider: SpaceX partners with 21 banks to prepare for IPO

MeNews · 2026-04-05T07:42:55+00:00

SpaceX is preparing for its IPO, valued at $1.75 trillion, expected to take place in June. The underwriting syndicate includes 21 banks, the largest scale in recent years. Morgan Stanley, Goldman Sachs, and other major banks serve as lead managers, highlighting the project's complexity and significance.

MeNews

2026-04-05 07:42:55

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ME News message: On April 1 (UTC+8), a person familiar with the matter said on Tuesday that SpaceX is working with at least 21 banks to prepare its highly anticipated IPO. This is one of the largest underwriting syndicates in recent years. The IPO has an internal code name of “Apex” and is expected to take place in June. It is expected to be valued at $1.75 trillion and is poised to become one of the most closely watched stock-market debuts on Wall Street. The people familiar with the matter said that Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are acting as active bookrunners—i.e., 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 been reported on. The size of the underwriting syndicate highlights the scale and complexity of the proposed offering plan. (Jin10) (Source: ODAYLY)

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