SpaceX IPO: Goldman Sachs leads on cover; Bank of America, Citi, JPMorgan in lineup, says report

Goldman Sachs leads SpaceX IPO targeting up to $75 billion and over $2 trillion valuation, with Morgan Stanley and other banks on the deal; details may change as talks continue

By CNBCTV18.com

Goldman Sachs Group Inc. is leading on the cover of Elon Musk-led SpaceX's IPO, Bloomberg reported.

According to reports, SpaceX's initial public offering (IPO) aims to raise up to $75 billion and seeks a valuation of over $2 trillion. It would easily overtake Saudi Aramco's 2019 $29.4 billion IPO at that magnitude.

This could make the SpaceX IPO the largest listing in history.

As per the report, Morgan Stanley is also mentioned as a lead bank. Bloomberg reported also stated that Bank of America Corp., Citigroup Inc., and JPMorgan Chase & Co. appear on the preliminary prospectus.

As early as Wednesday, billionaire Elon Musk's rocket, satellite, and artificial intelligence company is anticipated to make a public IPO filing.

A bank may play a more active role and, in some situations, receive a higher portion of the fees if it is featured on the cover of a high-profile IPO.

According to the persons, discussions are still in progress, and the offering's specifics may still alter. The lineup was initially reported by the Wall Street Journal.

Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan representatives declined to comment. Requests for comment were not immediately answered by a SpaceX representative.

In addition to that, many other institutions have been asked to fill positions. According to the persons, Deutsche Bank AG and UBS Group AG are handling European orders, while Barclays Plc is in charge of UK IPO share transactions.