$800 billion super IPO launched, SpaceX partners with four major Wall Street investment banks

SpaceX IPO plans officially enter the operational stage. According to the latest news, Elon Musk’s rocket manufacturer SpaceX has reached agreements with four top investment banks—Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley—who will serve as the lead underwriters for this IPO. This listing is expected to become one of the largest IPOs in history, with SpaceX’s overall valuation currently around $800 billion.

IPO Preparation Enters a Critical Stage

The significance of the investment bank lineup

The four selected banks represent the highest standards on Wall Street. Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are among the world’s largest investment banks. This combination usually indicates a high level of importance placed on the project by the financing party and also suggests that the fundraising scale may exceed the norm.

According to relevant information, SpaceX executives have held discussions with multiple investment banks in recent weeks. The company is preparing for an IPO that could launch as early as this year. More specific timing comes from Musk himself—he has expressed a desire to complete the IPO before July, meaning the entire process needs to be completed within the next five months.

What does the $800 billion valuation mean

SpaceX’s current valuation of $800 billion comes from a recent round of existing shareholder sales. This figure alone is enough to illustrate the point: it has already surpassed the market value of most publicly listed tech companies. For comparison, many S&P 500 constituents have market caps below this number.

This also means that SpaceX’s IPO could raise hundreds of billions of dollars. Insiders say other investment banks are also very likely to secure underwriting roles in this listing, but arrangements are not yet finalized, and the situation could still change.

AI-Driven New Logic

Why go public now

SpaceX has long refused to go public, but this time its attitude has changed. According to relevant information, the rise of AI has altered the situation. Musk is eager to make SpaceX the first company to build data centers in space, providing infinite computing power for xAI. This requires billions of dollars in rapid investment, and private funding may no longer suffice to support such ambitions.

In other words, SpaceX is no longer just a rocket company but is repositioning itself as a space infrastructure operator. The concept of space-based data centers, although technically challenging, provides a new growth narrative for the IPO—one that is far more attractive to investors than simply satellite launch services.

Chain reaction in the commercial space ecosystem

The IPO movement of SpaceX has already triggered reactions within the related ecosystem. According to information, the output value of China’s commercial space industry has exceeded 2.5 trillion yuan, and multiple commercial space enterprises such as Changguang Satellite, Tianbing Technology, Galaxy Dynamics, and Interstellar Glory are also advancing or restarting IPO plans. This indicates that the global commercial space industry is entering a new financing cycle.

Market Expectations and Uncertainty

Although the lineup of banks and the timetable are clear, officials remain cautious. Insiders emphasize that arrangements are not yet finalized, and the situation could still change. This is reasonable, as IPOs involve multiple variables such as regulatory approval, market conditions, and macroeconomic factors.

However, based on current information, Musk is highly determined about this IPO. He has not only set a specific timeline (before July) but is also preparing financing for long-term projects like space data centers. This indicates that it is not a spur-of-the-moment decision but a well-considered strategic move.

Summary

SpaceX’s IPO is not just about a company’s listing but signals a new phase in commercial space. The $800 billion valuation, the joint underwriting by four major banks, and the new narrative of AI-powered data centers collectively suggest that this will be an unprecedented fundraising event.

The key points are: first, this IPO is expected to become a historic-scale financing, potentially reaching hundreds of billions of dollars; second, AI-driven space infrastructure is becoming a new growth driver, changing the industry logic of commercial space; third, SpaceX’s IPO will stimulate a wave of financing across the entire commercial space ecosystem, leading to industry-level capital inflows.

Follow-up areas to watch include regulatory progress, specific fundraising amounts, and market reactions during IPO pricing.