Elon Musk's SpaceX IPO new developments: reports indicate discussions with Bank of America, Goldman Sachs, and other major banks about listing details, with fundraising potentially exceeding $30 billion

According to the latest report by the Financial Times, Elon Musk’s aerospace company SpaceX has held multiple rounds of meetings with Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to discuss the overall structure and details of the SpaceX IPO.
(Background recap: Yahoo Finance reviews the four key variables of 2026: AI bubble, Federal Reserve leadership change, market expansion forecasts, and SpaceX IPO)
(Additional context: The largest IPO wealth creation movement in history is about to begin: led by the trio of SpaceX, OpenAI, and Anthropic)

According to the latest report by the Financial Times, Elon Musk’s aerospace company SpaceX has held multiple rounds of meetings with Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley to discuss the overall structure and details of the SpaceX IPO. These four investment banks will serve as lead underwriters, responsible for share pricing, investor roadshows, and share allocation.

While other banks may join the underwriting syndicate, these top four investment banks are positioned as senior roles, expected to lead this high-profile transaction, highlighting the massive scale of the SpaceX IPO and the market’s high confidence in SpaceX.

Valuation soars, fundraising scale is substantial

Recent secondary share transactions indicate that SpaceX’s valuation has reached approximately $800 billion. Market expectations suggest that after the IPO, the company’s valuation could surge to $1.5 trillion or even higher, far surpassing the scale of Saudi Aramco’s 2019 listing.

According to forecasts, the fundraising amount for this IPO could exceed $25 billion to $30 billion, with the funds primarily allocated to:

• Starship heavy rocket development
• Expanding Starlink satellite network coverage
• Forward-looking space projects, such as building AI data centers in space

These plans highlight SpaceX’s long-term layout for the space economy and artificial intelligence infrastructure, reflecting Musk’s determination to invest capital in long-term goals.

Background and timing are particularly noteworthy

For years, Musk has insisted on keeping SpaceX private, emphasizing the company’s need for flexibility to achieve long-term goals like human Mars colonization. However, as cash flow from the Starlink satellite network grows, rocket launch costs decrease, and the market heat in space and AI sectors rises, SpaceX’s valuation has skyrocketed in just a few years.

As early as the end of 2025, SpaceX sent an internal memo to shareholders confirming preparations for an IPO in 2026, stating that the public offering would provide sufficient funds to support “crazy launch frequencies,” lunar base construction, and even more ambitious space exploration plans.

However, the IPO is still in its early stages; SpaceX has not yet formally filed with the U.S. Securities and Exchange Commission (SEC). The timeline, valuation, and listing location are still subject to adjustments, and market volatility could delay or cancel the plan.

Nevertheless, despite uncertainties, the latest developments in the SpaceX IPO have made it one of the most anticipated events in the global capital markets in 2026. From fundraising scale and investment bank lineup to corporate vision, this IPO could not only rewrite financial history but also symbolize a new peak in the space industry’s access to capital markets.