SpaceX taps Goldman, JPMorgan, BofA and Morgan Stanley to lead trillion-dollar IPO
Summary
Elon Musk's SpaceX is reportedly moving forward with plans for a public debut in 2026, potentially achieving a valuation exceeding $1 trillion. To manage this massive initial public offering, SpaceX has chosen Goldman Sachs, JPMorgan Chase, Bank of America (BofA), and Morgan Stanley to serve as lead advisers and underwriters. Discussions suggest the company might aim to raise over $25 billion. This potential IPO follows significant valuation increases through secondary sales, where the company has previously been valued at over $800 billion. The offering is driven by the growth of its Starlink satellite internet service and the development of the Starship rocket program, and if successful, it could set new records for fundraising and market valuation.
(Source:Crypto Briefing)