SpaceX is on the verge of publicly disclosing its IPO prospectus, having chosen Goldman Sachs to lead the offering, with Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase following. The company, valued at $1.25 trillion after merging with Elon Musk's AI startup xAI, is expected to launch its prospectus imminently, potentially as soon as Wednesday.
This IPO could surpass previous tech offerings, as only Facebook and Alibaba have been valued over $100 billion on their first trading day. The timing is strategic, as SpaceX aims to enter the public market before AI leaders OpenAI and Anthropic, both nearing $1 trillion valuations, also plan their IPOs this year.
Musk's recent legal setback against OpenAI adds another layer of complexity to the situation, as he prepares for this high-stakes public offering. The last IPO Musk led was Tesla in 2010, also with Goldman Sachs at the helm, indicating a continued partnership in significant market events