Insiders: SpaceX teams up with 21 banks to prepare for IPO

Insiders revealed on Tuesday that SpaceX is collaborating with at least 21 banks to prepare for its blockbuster IPO, one of the largest underwriting groups in recent years. This IPO is internally codenamed "Apex," expected to take place in June, with a valuation reaching $1.75 trillion, poised to become one of the most anticipated stock market debuts on Wall Street. Insiders stated that Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as active bookrunners, meaning they are the lead banks managing this transaction.

They added that another 16 banks have signed on to take smaller roles. About half of these banks had not been previously reported. The size of the underwriting group highlights the scale and complexity of the proposed issuance plan.