---
title: "SpaceX is reported to have formed a super underwriting group with at least 21 banks, expecting a valuation of $1.75 trillion for its IPO in June"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281295217.md"
description: "SpaceX is collaborating with at least 21 banks to prepare for an IPO, expected to be listed in June, with a valuation of up to $1.75 trillion. This underwriting group is one of the largest in recent years, with lead underwriters including Morgan Stanley, Goldman Sachs, Bank of America, and Citigroup, along with 16 other investment banks participating. The plan may be adjusted or the list of investment banks may be expanded"
datetime: "2026-04-01T03:29:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281295217.md)
  - [en](https://longbridge.com/en/news/281295217.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281295217.md)
---

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# SpaceX is reported to have formed a super underwriting group with at least 21 banks, expecting a valuation of $1.75 trillion for its IPO in June

According to reports from Reuters, SpaceX is collaborating with at least 21 banks to prepare for an IPO, forming one of the largest underwriting teams in recent years, internally codenamed "Project Apex," with a valuation of up to $1.75 trillion (approximately HKD 13.65 trillion) expected to list in June.

## Morgan Stanley, Goldman Sachs, Bank of America, and Citigroup as Lead Underwriters

The news indicates that SpaceX has invited at least 21 banks to form an underwriting team, with Morgan Stanley, Goldman Sachs, JP Morgan, Bank of America, and Citigroup serving as lead underwriters. Additionally, 16 investment banks will participate in supporting roles, including Barclays, Deutsche Bank, UBS Group, Crédit Agricole, Royal Bank of Canada, Santander, ING Group, Macquarie, Mizuho Bank, and Wells Fargo, about half of which are being disclosed for the first time.

Earlier reports from Reuters suggested that these banks are expected to play roles in channels for institutional investors, high-net-worth investors, and retail investors, as well as across different geographical regions. Sources also mentioned that the plans may still be adjusted or that the list of investment banks could be expanded

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