SpaceX picks Goldman Sachs to lead record-breaking IPO, sources say
The deal could raise about $75 billion and value SpaceX at $1.75 trillion, according to Reuters reports.
- On Tuesday, sources revealed Goldman Sachs secured the "lead left position" for SpaceX's initial public offering, placing the bank in charge of coordinating investor engagement and setting share price.
- SpaceX targets a valuation of roughly $1.75 trillion, building on the $1.25 trillion combined value when CEO Elon Musk merged the rocket company with his artificial intelligence startup xAI in February.
- Morgan Stanley joins Goldman as a lead banker, with Bank of America, Citigroup, and JPMorgan Chase in major roles, while SpaceX targets a Nasdaq listing as early as June 12.
- SpaceX explores allocating up to 30% of IPO shares to retail investors, an uncommon structure for this scale, and may release its public prospectus as soon as Wednesday.
- This offering arrives as the IPO market rebounds after volatility, though only two tech companies, Facebook and Alibaba, have reached $100 billion in market value after their first trading day.
129 Articles
129 Articles
SpaceX unveils plans to go public, with $1.75 trillion valuation
Elon Musk's rocket and satellite company has publicly filed details about its upcoming initial public offering, highlighting both the company's ambitious goals in space and its financial results. Among the group's long-term goals are the construction of data centres in space and creating a large human settlement on Mars. Also in this edition: Samsung and its workers find a last-minute deal to suspend a planned 18-day strike.
SpaceX IPO Sets Stage for Clash of Wall Street Titans over Mega-Cap Debuts
It’s news everyone saw coming from 239,000 miles away (that’s the distance to the moon, where SpaceX plans to begin sending commercial cargo flights as soon as 2028). The Elon Musk-led aerospace firm filed a prospectus with the Securities and Exchange Commission on Wednesday to list on the Nasdaq under the ticker symbol SPCX. The stage is now set for the biggest initial public offering in history, with a listing as early as June 12. On Wall Stre…
Elon Musk announced on Wednesday plans for one of the largest stock sales to the public by a space company that currently loses billions of dollars a year.
Channel News Asia
Bangkok PostMusk eyes Wall Street record with SpaceX IPO
NEW YORK: Elon Musk's SpaceX rocketed toward Wall Street on Wednesday (May 20), filing plans for what could become the largest initial public offering in history as the company reportedly seeks to raise up to US$75 billion on the public markets.If successful, the listing of the rocket and satellite giant woul
Coverage Details
Bias Distribution
- 61% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
