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Goldman Sachs taps lead role in SpaceX mega-IPO

Bloomberg Markets •
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Goldman Sachs Group Inc. has been named lead underwriter for SpaceX’s upcoming mega-IPO, sources familiar with the process confirm. The investment bank will head a syndicate that could support what many anticipate will be the largest equity listing in modern history. Securing the top slot places Goldman Sachs at the center of a deal that could reshape capital markets.

SpaceX, the private launch firm founded by Elon Musk, has long been expected to seek public funding after a decade of rapid growth and a string of high‑profile contracts with government and commercial customers. By appointing a marquee bank, the company signals confidence in its valuation and aims to attract a broad investor base, from tech‑focused funds to sovereign wealth entities.

Analysts see the underwriting role as a litmus test for Goldman’s ability to capture fees on a transaction that could dwarf recent tech IPOs. Should the offering price reach the high end of expectations, underwriting fees alone could run into the hundreds of millions, bolstering the bank’s quarterly earnings. The market will watch closely as the deal progresses toward a filing deadline later this year.