Goldman Sachs reportedly tapped as lead banker for SpaceX IPO

Goldman Sachs has been named the lead left underwriter on SpaceX’s planned initial public offering, multiple news outlets reported on May 20, citing people familiar with the matter. Bloomberg and CNBC said the bank will take the most senior spot on the prospectus, a role that coordinates pricing and investor allocations. ### Who is reported to be the lead banker on the deal? Bloomberg reported that Goldman Sachs Group Inc. holds the lead-left position on the IPO prospectus, according to people who would not be named. CNBC also said Goldman will be followed by Morgan Stanley in top billing, with other major banks given prominent placement on the documents, citing sources familiar with the transaction. (bloomberg.com) ### Which other banks are said to be on the underwriting lineup? CNBC reported that Morgan Stanley is the second lead and that Bank of America, Citigroup and JPMorgan Chase appear on the cover of the preliminary prospectus. (bloomberg.com) Bloomberg similarly listed Morgan Stanley alongside Goldman and said the names appeared in alphabetic order on the draft documents, citing unnamed people involved in the preparation. (cnbc.com) ### How large could the offering and valuation be? Euronews summarized coverage saying the listing would “pave the way for the largest IPO in history,” noting a combined private valuation after SpaceX’s earlier deal that placed the enlarged company at roughly $1.25 trillion. (cnbc.com) Reuters and later reports have cited people familiar with the plans saying SpaceX could target roughly $75 billion in proceeds and a market valuation near $1.75 trillion, figures that would eclipse prior record listings. (bloomberg.com) ### Have Goldman Sachs or SpaceX publicly confirmed the reports? Reuters reported that Goldman Sachs declined to comment when contacted, and that SpaceX and Morgan Stanley did not immediately respond to requests for comment. (euronews.com) CNBC’s coverage likewise noted that SpaceX had not immediately responded to inquiries, and described the sourcing as “people familiar with the matter” who asked not to be named. (nst.com.my) ### What role does the February xAI deal play in the IPO story? Bloomberg reported that SpaceX announced a February combination with xAI that valued the combined entity at about $1.25 trillion, a transaction that market commentators have said increases the company’s exposure to artificial‑intelligence businesses ahead of a public listing. (money.usnews.com) (cnbc.com) Reuters and other outlets also covered the February merger, saying the all‑stock transaction folded xAI into SpaceX and that analysts see Starlink and AI assets as the key valuation drivers heading into an IPO. ### When could investors see formal filings and a market debut? Reuters reported on May 15 that SpaceX was aiming to make a prospectus public as soon as next week, target a June 4 investor roadshow and potentially price shares around June 11 for a Nasdaq listing as early as June 12, according to people familiar with the timetable. (bloomberg.com) (money.usnews.com) CNBC’s May 19 reporting said the company could publicly disclose its prospectus as soon as Wednesday, and that work on the prospectus and underwriter lineup was advancing rapidly. The unfolding underwriting lineup, the February xAI consolidation and the compressed calendar point to a busy three weeks: a public prospectus expected this week and investor roadshows and potential pricing dates beginning in early June, according to Reuters and contemporaneous reporting. (finance.yahoo.com) (cnbc.com)