SpaceX selects Goldman as lead under for record IPO
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- SpaceX has appointed Goldman Sachs as the lead left underwriter for its upcoming IPO, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase as co‑managers.
- SpaceX could make its prospectus public as early as Wednesday after filing a confidential registration statement with the SEC last month.
- SpaceX was most recently valued at $1.25 trillion after Elon Musk merged the company with his AI startup xAI in February.
- SpaceX's offering is projected to be a record‑breaking IPO, potentially exceeding the $100 billion first‑day market caps of Facebook and Alibaba, and could dwarf the upcoming IPOs of AI leaders OpenAI and Anthropic.
- Musk faced a recent court defeat in a lawsuit against OpenAI and its CEO Sam Altman, a legal loss that occurred just days before the prospectus filing.
Why it matters: Founders Fund and Valor stand to receive over $60 billion each from the IPO, while rivals OpenAI and Anthropic lose a timing advantage in the race for trillion‑dollar valuations.
