A360
Key Takeaways✦ Atlas AI
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Goldman Sachs leads SpaceX IPO.
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Prospectus expected this week.
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SpaceX valued at $1.25 trillion.
Atlas AI
SpaceX Selects Goldman Sachs for IPO
SpaceX has appointed Goldman Sachs to lead its initial public offering (IPO), with the prospectus expected to be publicly disclosed as early as Wednesday, according to sources familiar with the matter. This move positions Goldman Sachs in the lead left position for the offering, followed by Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase.
The company, most recently valued at $1.25 trillion after its merger with xAI in February, aims to enter the public market with a potentially record-setting valuation. This valuation significantly surpasses the initial market capitalizations of previous tech IPOs like Facebook and Alibaba, which were valued at approximately $100 billion after their first day of trading.
SpaceX's public offering follows a confidential filing with the Securities and Exchange Commission last month. The company is proceeding with its IPO ahead of other privately valued AI firms, OpenAI and Anthropic, which are also considering public listings as early as this year, with private valuations near $1 trillion.
