SpaceX lines up 21 banks for mega IPO, code-named project Apex
📖 Full Retelling
SpaceX is working with at least 21 banks on its initial public offering, in one of the largest underwriting syndicates assembled in recent years.
Entity Intersection Graph
No entity connections available yet for this article.
Original Source
In this article MS GS JPM BAC C BARC-GB DB INGA-NL 8411.T-JP RJF RY-CA GLE-FR SAN-ES SAN SF UBSG-CH UBS WFC ARM 9988-HK TSLA Follow your favorite stocks CREATE FREE ACCOUNT A SpaceX Falcon 9 rocket is prepared for launch carrying NASA's IMAP mission, which will study the boundary of the sun's heliosphere and other scientific payloads, at the Kennedy Space Center in Cape Canaveral, Florida, Sept. 23, 2025. Joe Skipper | Reuters SpaceX is working with at least 21 banks on its blockbuster initial public offering, people familiar with the matter said on Tuesday, one of the largest underwriting syndicates assembled in recent years. The listing, internally codenamed Project Apex, is expected to be among the most closely watched stock market debuts on Wall Street. The public offering, expected in June, is estimated to value the rocket company controlled by founder and CEO Elon Musk at $1.75 trillion. Morgan Stanley , Goldman Sachs , JPMorgan Chase , Bank of America and Citigroup are serving as active bookrunners, or the lead banks managing the deal, the people said, asking not to be identified because the process is not public. A further 16 banks have signed on in smaller roles, they added. About half of the banks' names have not previously been reported. The size of the syndicate underscores the scale and complexity of the planned offering. Banks in addition to the active bookrunners include: Allen & Co Barclays Brazil's BTG Pactual Deutsche Bank The Netherlands' ING Groep Macquarie Mizuho Needham & Co Raymond James Royal Bank of Canada Societe Generale Banco Santander Stifel UBS Wells Fargo William Blair The banks are expected to take on roles in institutional, high-net-worth and retail investor channels as well as in different geographic regions, Reuters previously reported. The plan is subject to change and additional banks could still be added, the sources said. Texas-based SpaceX did not immediately respond to a request for comment. Bank of America, Barclays, Deutsch...
Read full article at source