Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeFinanceBankingRBC to manage Canadian share orders for SpaceX’s mega-IPOSpaceX’s IPO is targeted to raise as much as US$75 billion and is seeking a valuation of more than US$2 trillionAuthor of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.SpaceX's likely record-breaking listing is expected to generate fees for the banks on the deal far in excess of a normal listing. Photo by Mario Tama/Getty ImagesGoldman Sachs Group Inc. has the leading role on the cover of SpaceX’s initial public offering, according to people familiar with the matter, giving the firm a prominent position in potentially the biggest listing of all time.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorMorgan Stanley is also listed as a lead bank, the people said, asking not to be identified as the information isn’t public. Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. appear in alphabetical order on the preliminary prospectus, the people said, asking not to be identified as the information isn’t public.Billionaire Elon Musk’s rocket, satellite and artificial intelligence firm is expected to file publicly for an IPO as soon as Wednesday, Bloomberg News has reported.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againA bank’s position on the cover of a high-profile IPO conveys potentially a more active role and in some cases a larger share of the fees.Deliberations are ongoing and details of the offering could still change, the people said. The Wall Street Journal was first to report the lineup.Representatives for Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and JPMorgan declined to comment. A spokesperson for SpaceX didn’t immediately respond to requests for comment.SpaceX’s IPO is targeted to raise as much as US$75 billion and is seeking a valuation of more than US$2 trillion, people familiar with the matter have said. At that size, it would easily surpass Saudi Aramco’s US$29.4 billion IPO in 2019, according to Bloomberg calculations.The listing is expected to generate fees for the banks on the deal far in excess of a normal listing, and Citigroup was added to the banks leading the offering, Bloomberg News reported in March, joining the other four.Numerous other banks have been tapped for roles, people familiar with the matter have said. Barclays PLC is in charge of United Kingdom IPO share orders, while Deutsche Bank AG and UBS Group AG are working on European orders, the people have said.Royal Bank of Canada is managing share orders from Canada, Mizuho Financial Group Inc. is working on Asia orders and Macquarie Group Ltd. is focused on Australia, Bloomberg News has reported. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.