The Bad PlaceUS Top News and Analysis | SpaceX picks Goldman Sachs to lead record-breaking IPO, sources say
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SpaceX has selected Goldman Sachs to serve as the lead underwriter for its upcoming initial public offering, with Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase joining as co‑underwriters, according to confidential sources. The company is expected to file its prospectus with the SEC as early as Wednesday, following a confidential filing last month, and could launch a record‑breaking IPO, given its recent $1.25 trillion valuation after Elon Musk merged SpaceX with his AI startup xAI. The move positions SpaceX among a select handful of tech firms—only Facebook and Alibaba have ever topped $100 billion in market cap on debut—and comes as other AI‑centric companies such as OpenAI, Anthropic and chipmaker Cerebras (valued at roughly $95 billion) prepare for public listings, setting the stage for a potentially historic year of mega‑IPOs tied to the AI boom.