Goldman Sachs to Lead Historic $75B SpaceX IPO

GS has been selected as lead underwriter for SpaceX's planned IPO, with MS, BAC, C, and JPM joining the syndicate . The deal is targeted to raise more than $75 billion at a $1.75 trillion valuation, which would make it one of the largest public offerings in market history.

BlackRock is reportedly considering a cornerstone allocation, a signal that asset-manager demand for the deal is already lined up well ahead of pricing. The transaction would also be a meaningful fee event for the bulge-bracket underwriters, with implications for FY equity capital markets revenue across the group.

For market structure, a SpaceX listing at this scale could absorb significant secondary-market liquidity and reset the bar for tech/aerospace IPO comps. Key risks include final pricing discipline given the valuation, regulatory scrutiny on dual-class share structures, and execution on the OpenAI-related strategic relationships referenced in deal materials.

Related Stocks

• GS
• BLK
• BAC
• MS