SpaceX appoints Goldman Sachs as lead underwriter for record-breaking IPO
Sources confirm the space firm has chosen the investment bank to lead an initial public offering expected to set a new record, amid a broader rally in US equities.
SpaceX has appointed Goldman Sachs as the lead underwriter for an initial public offering that sources indicate is expected to set a new record for the largest ever IPO. The selection of the investment bank for the lead left position was confirmed to CNBC by anonymous sources, marking a significant step in the space company’s path to becoming a publicly traded entity.
The appointment comes at a time when US stock markets have experienced recent gains, driven in part by a summit between US President Donald Trump and Chinese President Xi Jinping in Beijing. Equity indices responded positively to the diplomatic engagement, with the Dow Jones Industrial Average rising 0.8%, the S&P 500 climbing 0.3%, and the Nasdaq Composite increasing by 0.2% on Thursday.
Market sentiment was further bolstered by strong earnings reports from major technology firms. Amazon reported fourth-quarter fiscal 2025 revenue of $213.4 billion, representing a 12 per cent year-on-year growth, alongside $25 billion in operating income. Meanwhile, Nvidia shares surged more than 2% following news that the US had approved H200 chip sales to Chinese firms, adding to the positive momentum in the technology sector.
While the appointment of Goldman Sachs signals progress in the IPO process, specific details regarding the valuation and the exact size of the offering have not been disclosed. Sources describe the deal as "record-breaking," but this remains a projection until the IPO is priced and final figures are confirmed through official regulatory filings.
The timeline for the launch of the SpaceX IPO has not been specified in available reports. Investors and market observers will likely await further details from the company or official filings, such as the SEC Form S-1, to verify the underwriting structure and confirm the scale of the anticipated transaction.
