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Benzinga
  • 10 hours ago
SpaceX is working with 21 banks on its planned IPO, internally dubbed "Project Apex," targeting a June listing at a potential $1.75T valuation. Morgan Stanley, Goldman Sachs, JPMorgan, BofA, and Citigroup are lead bookrunners. The syndicate size reflects the historic scale of the offering, though plans remain subject to change.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02SpaceX is working with at least 21 banks on its planned initial public offering,
00:07internally called Project Apex, according to Reuters.
00:10The offering is expected in June and could value the company at $1.75 trillion.
00:15Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as
00:22lead book runners. 16 additional banks have joined in smaller roles. The banks will support
00:27institutional, high net worth, and retail investor channels across regions. The syndicate size
00:33reflects the scale and complexity of the deal. The plan remains subject to change and more banks
00:38could be added. SpaceX did not respond to Reuters' request for comment, while several banks declined
00:44to comment and others did not respond. For all things money, visit Benzinga.com.
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