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Goldman Sachs to Lead SpaceX IPO as Rocket Maker Prepares Market Debut

SpaceX has picked Goldman Sachs for the lead left position on its IPO prospectus. Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase complete the banking syndicate. The aerospace company could disclose its IPO prospectus as soon as Wednesday following confidential SEC filing last month. The offering is expected to set records, following SpaceX's $1.25 trillion valuation after Elon Musk merged the company with his artificial intelligence startup xAI in February. The transaction would rank among the largest IPOs ever and positions SpaceX ahead of other trillion-dollar-valued tech firms eyeing public markets this year. Only Facebook and Alibaba have achieved $100 billion valuations on their first trading days. Cerebras, an AI chipmaker, debuted on Nasdaq last week with a $95 billion market cap.