SpaceX picks Goldman Sachs for lead left position on IPO, sources say
CNBC • • business
Key Points:
- SpaceX has selected Goldman Sachs to lead its upcoming IPO, which is expected to be a record-breaking offering, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase also participating.
- The company may publicly release its IPO prospectus as soon as Wednesday after confidentially filing with the SEC last month, following a $1.25 trillion valuation linked to its merger with Elon Musk's AI startup, xAI.
- SpaceX aims to go public ahead of AI leaders OpenAI and Anthropic, both valued near $1 trillion, as the market anticipates significant IPO activity in the AI sector this year.
- Elon Musk faces recent legal setbacks after losing a court case against OpenAI and CEO Sam Altman, with the ruling citing a statute of limitations; Musk plans to appeal the decision.
- Goldman Sachs also led Musk's previous major IPO with Tesla in 2010, highlighting a continued partnership for high-profile public offerings.