Bloomberg / Getty Images
SpaceX has tapped Goldman Sachs $GS -1.86% for the lead-left slot on its initial public offering prospectus, CNBC reported.
Rounding out the lead bank group are Bank of America $BAC +0.02%, Citigroup $C -1.99% and JPMorgan $JPM -1.67% Chase, with Bloomberg reporting that Morgan Stanley $MS -1.61% also holds a lead position. A source told the Wall Street Journal that those three banks appear in their current order simply because of the alphabet.
According to Bloomberg, the deal is structured to bring in up to $75 billion while seeking a valuation north of $2 trillion — a figure that would dwarf the $29.4 billion Saudi Aramco raised when it went public in 2019.
A public prospectus filing could come as early as Wednesday, CNBC reported, after the company submitted documents to the Securities and Exchange Commission under a confidential process last month. When contacted by Bloomberg, none of the five lead banks — Goldman Sachs, Morgan Stanley, Bank of America, Citigroup or JPMorgan — offered a statement, and SpaceX had not replied to media inquiries.
