Insider: SpaceX partners with 21 banks to prepare for IPO

Odaily · 2026-04-01T01:05:52+00:00

SpaceX is collaborating with 21 banks to prepare for its massive IPO, scheduled for June, with a valuation of $1.75 trillion. The IPO is internally codenamed "Apex" and will be a highly anticipated debut on Wall Street.

Odaily

2026-04-01 01:05:52

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Odaily Planet Daily News: On Tuesday, an insider revealed that SpaceX is working with at least 21 banks to prepare for its highly anticipated IPO, one of the largest underwriting syndicates in recent years. The internal code name for this IPO is “Apex,” and it is expected to take place in June. Its valuation is projected to reach $1.75 trillion, setting it up to become one of Wall Street’s most closely watched stock market debuts. The insider said that Morgan Stanley, Goldman Sachs, JPMorgan, Bank of America, and Citigroup serve as active bookrunners—i.e., the banks leading the transaction. They added that another 16 banks have signed on to take on 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. (Jin Ten)

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