Topline
SpaceX is lining up four major Wall Street banks to lead its initial public offering, the Financial Times reported on Thursday, as the space tech company prepares for what could be one of the largest IPOs in history that investors hope could value the company at $1.5 trillion.
The four Wall Street firms are currently selling existing shares valuing the company at $800 billion, according to reports.
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Key Facts
The banks reportedly include Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley, according to the Financial Times, although more could get involved in the future.
The group is currently selling existing shares to value the company at $800 billion, backing up a report of an insider share sale from Bloomberg last month valuing the company at that target.
An investor previously told Forbes a 2026 IPO could value the rocket and satellite company at $1.5 trillion, and could potentially make CEO and majority shareholder Elon Musk a trillionaire.
The banks declined to comment to FT, and SpaceX did not immediately return a request for comment from Forbes.
Surprising Fact
The largest IPO in history took place in December 2019 when Saudi Aramco, the Saudi Arabian state-run oil company, went public with a portion of its company. The IPO raised about $29 billion from investors, valuing the petroleum company at a staggering $2.03 trillion.
Tangent
Musk spoke at the World Economic Forum in Davos on Thursday for the first time. Speaking to BlackRock CEO Larry Fink, the billionaire was bullish on the future of SpaceX, offering ambitious promises about using the company’s technology to reach the Moon and Mars. “SpaceX is about… advancing rocket technology to the point where we can extend life and consciousness beyond Earth to the Moon to Mars eventually to other star systems,” Musk said. The SpaceX CEO also expressed a desire to go to Mars himself, which he said was a six month trip away, although the planets only align every two years. “I’ve been asked a few times, ‘Do I want to, you know, die on Mars?’ And I’m like, ‘Yes, but just not on impact.”
Further Reading
Source: https://www.forbes.com/sites/zacharyfolk/2026/01/22/spacex-recruiting-four-wall-street-investment-banks-for-ipo-report-says/
