SpaceX Engages International Banks for Record $50B Offering
SpaceX is preparing for a historic market debut by engaging banks outside the United States for its initial public offering. In mid-January, the aerospace firm held meetings at its California headquarters with groups of European and other international banks to pitch for junior roles in the IPO syndicate. The global outreach is necessary to support an offering that could raise as much as $50 billion, potentially doubling the $25 billion raised by Alibaba Group Holding Ltd. in its 2014 listing, which required 35 underwriters.
Combined SpaceX-xAI Entity Valued at $1.25 Trillion
The planned IPO, targeted for later this year, will bring the world's largest private company to the public markets. Following the acquisition of Elon Musk's artificial intelligence firm xAI, the combined entity carries a staggering valuation of $1.25 trillion. This figure assigns $1 trillion to SpaceX's core rocket and satellite business and $250 billion to xAI. Four of Wall Street's largest firms—Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co., and Morgan Stanley—have already been lined up to lead the landmark transaction.
Retail Investors Lobby for Access to SpaceX Shares
Significant demand is building among individual investors, many of whom are fans of Elon Musk and shareholders in his other public company, Tesla Inc. These retail participants are actively lobbying for priority access to SpaceX shares in the IPO. Recognizing this demand, platforms like Robinhood Markets Inc. are reportedly vying for a key role to facilitate retail allocation. This strong grassroots interest suggests the offering will attract substantial participation beyond traditional institutional investors.
