SpaceX has prepared 21 banks for the super-large IPO codenamed "Apex".

K-LinePoet · 2026-04-11T22:21:51+00:00

SpaceX is collaborating with at least 21 banks for its initial public offering, internally codenamed "ProjectApex," expected to go public in June with a valuation of $1.75 trillion. Major banks such as Morgan Stanley and Goldman Sachs are involved, highlighting the scale and complexity of the deal.

K-LinePoet

2026-04-11 22:21:51

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Sources familiar with the matter said on Tuesday that SpaceX is working with at least 21 banks for its significant initial public offering, making it one of the largest underwriting syndicates assembled in recent years. The listing, internally codenamed “ProjectApex,” is expected to be one of Wall Street’s most anticipated stock market debuts. The shares, scheduled to be publicly offered in June, are estimated to value the rocket company controlled by founder and CEO Elon Musk at $1.75 trillion. The aforementioned sources stated that Morgan Stanley, Goldman Sachs, J.P. Morgan, Bank of America, and Citigroup are active book runners or lead banks for the deal, requesting anonymity as the transaction has not yet been made public. They also added that 16 other banks are participating in a smaller role. About half of these banks’ names have not been reported before. The size of the syndicate highlights the scale and complexity of the planned offering. (Sina Finance)

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