SpaceX's super underwriting syndicate revealed, with at least 21 banks involved

2026-04-11 15:50:15

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SpaceX’s IPO is set to bring fresh news again. Reuters, citing people familiar with the matter, reports that SpaceX is working with at least 21 banks to prepare for its high-profile initial public offering (IPO), which will be one of the largest underwriting syndicates in recent years.

The report says that the internal code name for SpaceX’s listing this time is “Project Apex,” expected to take place in June. It is estimated that SpaceX’s valuation is as high as $1.75 trillion.

Morgan Stanley, Goldman Sachs, J.P. Morgan, Bank of America, and Citigroup will serve as active bookrunners, meaning the lead underwriters, while 16 other banks will play smaller roles—underscoring the scale and complexity of this offering plan.

These banks include Allen & Co, Barclays, BTG Pactual of Brazil, Deutsche Bank, ING Group of the Netherlands, Macquarie Group, Mizuho Bank, Needham & Co, Raymond James, Royal Bank of Canada, BofA? Wait—Société Générale, Santander Bank, Stifel, UBS Group, Wells Fargo, and William Blair.

According to earlier reports, these banks are expected to play roles across institutional investor channels, high-net-worth investor channels, and retail investor channels, as well as across different geographic regions.

Sources say the plan may be adjusted, and more banks may be added in the future.

Author’s statement: The content is quoted from external media.

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