Goldman Sachs and Morgan Stanley to lead historic SpaceX initial public offering

May 20, 2026, 8:50:36 PM UTC(2 hours ago)

Impact: Medium

Affected Assets

Goldman Sachs has been selected as the lead left underwriter for the offering, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase also serving as key bookrunners in a 21-bank syndicate.
The company is targeting a valuation of up to 2 trillion dollars and a fundraising scale of 75 billion to 80 billion dollars, which would make it the largest initial public offering in global capital market history.
SpaceX has accelerated its listing timeline, with the public S-1 prospectus expected as early as May 21, 2026, followed by a roadshow starting the week of June 8 and a Nasdaq debut targeted for June 12, 2026.
The company reported a net loss of over 4 billion dollars for the first quarter, largely driven by costs absorbed from its massive all-stock merger with Elon Musk's artificial intelligence venture xAI in February 2026.

*SPACEX 1Q REVENUE $4.69B *SPACEX 1Q NET LOSS $4.28B *SPACEX: GOLDMAN, MORGAN STANLEY, BOFA LEADING SPACEX IPO