Investment giant poised to play key part in Elon Musk's space exploration firm's highly anticipated market debut

Table of Contents Elon Musk’s aerospace venture is accelerating toward the public markets. SpaceX, the rocket manufacturer and satellite operator, may unveil its IPO filing documents as soon as Wednesday, with plans to begin trading on the Nasdaq by June 12. BREAKING: SpaceX has selected Goldman Sachs to lead its record-setting IPO, per CNBC. Also working on the IPO will be Morgan Stanley, Bank of America, Citigroup, and JPMorgan. SpaceX could publicly disclose its prospectus as soon as Wednesday. pic.twitter.com/dq9LzlgB5f — The Kobeissi Letter (@KobeissiLetter) May 19, 2026 According to individuals briefed on the arrangements, [[LINK_START_0]]Goldman Sachs (GS)[[LINK_END_0]] has been designated for the lead left underwriter spot—the most prestigious position within any IPO banking group. Morgan Stanley will occupy the co-lead position, with Bank of America, Citigroup, and JPMorgan appearing alphabetically in the preliminary documentation. Sixteen other financial institutions round out the underwriting consortium in junior capacities. Investor interest in Goldman’s shares has intensified as the SpaceX transaction approaches, with the institution positioned to earn substantial underwriting compensation from what may become the largest-ever public market launch. The company is seeking a market capitalization approaching $1.75 trillion while attempting to raise approximately $75 billion in proceeds. These numbers would eclipse all previous IPO benchmarks. By comparison, Saudi Aramco’s 2019 offering generated roughly $29 billion, establishing the current record. The $1.75 trillion figure represents an increase from the combined $1.25 trillion valuation assigned to SpaceX and Musk’s artificial intelligence company xAI following their February combination. This merger strengthened SpaceX’s AI credentials as it prepares for public market scrutiny. The organization submitted confidential paperwork to the SEC last month before initiating the formal prospectus development process. When approached by Reuters for comment, Goldman representatives declined to respond. Neither SpaceX nor Morgan Stanley provided statements. This marks Musk’s first public offering since Tesla (TSLA) listed on the Nasdaq in 2010. Goldman Sachs served as lead underwriter for that transaction too, joined by Morgan Stanley, JPMorgan, and Deutsche Bank. SpaceX isn’t alone among prominent private enterprises pursuing public listings. Both OpenAI and Anthropic command private market valuations approaching $1 trillion and are weighing potential IPOs before year-end. SpaceX’s timeline seems strategic. Reaching public markets ahead of these AI-centric competitors would establish clear first-mover status within the current generation of ultra-large private company listings. The offering arrives as equity markets have stabilized following turbulence connected to U.S. trade policy and international tensions spanning recent years. SpaceX has selected the Nasdaq for its trading venue, matching the exchange where Tesla currently operates. Goldman Sachs and Morgan Stanley will occupy the top-left positions on the prospectus cover page—a placement that signals both industry recognition and the majority of underwriting revenue on a transaction of this magnitude. Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.