Musk’s SpaceX Selects Banks to Head IPO, According to Financial Times

SpaceX Prepares for Landmark IPO with Major Banks on Board

Photo by Chandan Khanna/AFP/Getty Images

According to the Financial Times, SpaceX has selected four prominent financial institutions to spearhead its upcoming initial public offering, marking a significant step forward for Elon Musk’s aerospace company as it aims for a record-breaking public debut.

Sources familiar with the process revealed that Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are set to take leading roles in the IPO, as reported by the FT.

Top Stories from Bloomberg

Insiders indicate that SpaceX is aiming to launch its IPO as early as this year, with the goal of raising over $30 billion and achieving a valuation near $1.5 trillion.

In December, Bloomberg News reported that SpaceX was conducting an internal share sale, which valued the company at approximately $800 billion.

The FT also noted that additional banks may participate in the IPO process, though final decisions have yet to be made. The banks involved declined to comment, and SpaceX has not yet responded to requests for statements.

Last December, SpaceX informed its staff that the company had entered a regulatory quiet period, instructing employees not to discuss the IPO as required ahead of a public listing.

Most Popular from Bloomberg Businessweek

© 2026 Bloomberg L.P.