Elon Musk’s SpaceX has reportedly preparing to work with Wall Street banks for what could become one of the biggest IPOs ever.
According to the reports, Elon Musk’s rocket company is considering four major banks for senior roles on a potential public listing. It includes Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley, according to people familiar with the matter.
However, no final decisions have been made yet, and the situation could still change. Neither SpaceX nor the banks officially confirmed the news.
Morgan Stanley as strong contender
Other reports last month said Morgan Stanley is emerging as a strong contender for a leading role on the deal, helped by its long-standing relationship with Musk. Any SpaceX IPO would be complex, given the company’s size and structure. SpaceX is already one of the world’s most valuable private companies.
Another reports suggest the process may be moving faster. Musk is pushing for a quicker IPO timeline, potentially as early as July, as he looks to raise large amounts of capital. The report linked the urgency to Musk’s growing focus on artificial intelligence.
SpaceX is said to be exploring solar-powered, space-based data centres, an idea Musk sees as a way to solve the massive energy demands of AI systems. While the concept has drawn scepticism, Musk reportedly wants SpaceX to be the first to make it work.
According to various reports, the IPO could also provide funding support for Musk’s AI company, xAI, which is racing against rivals such as OpenAI and Google. Competition in the space is intensifying, with tech leaders openly discussing orbital infrastructure as a future solution for AI compute.
If SpaceX does go public, it would be one of the most closely watched listings in history.
