Elon Musk’s SpaceX has lined up four investment banks for leading roles on its initial public offering.Bank of America (BAC), Goldman Sachs (GS), JPMorgan (JPM), and Morgan Stanley (MS), are being lined up for senior roles leading the IPO, according to a Financial Times report on Thursday, which cited people familiar with the matter.
SpaceX executives have had meetings in recent weeks with banks as the rocket maker prepares for an IPO as soon as this year, according to the report.
Other banks are also expected to get roles in the SpaceX IPO, the FT said. No final decisions have been made, and the situation could change.
The banks declined to comment to the FT. SpaceX didn’t immediately respond to a request for comment.
SpaceX aims to raise over $25 billion in 2026 to fund orbital AI data centers and accelerate Starship development. CFO Bret Johnsen announced IPO preparations in December 2025, with Musk targeting completion by July 2026.