SpaceX reportedly plans to allocate IPO-related work to multiple banks.

GateUser-bd883c58 · 2026-03-20T15:59:31+00:00

SpaceX is adopting an unconventional initial public offering strategy, planning to allocate shares to institutional and individual investors through major investment banks including Morgan Stanley and Goldman Sachs, with an estimated fundraising target of tens of billions of dollars and plans to target global investors.

GateUser-bd883c58

2026-03-20 15:59:31

Abstract generation in progress

On March 14, it was reported that SpaceX is adopting a non-traditional IPO strategy by assigning responsibilities to a larger investment banking group. SpaceX has discussed having Morgan Stanley and Goldman Sachs handle the allocation of shares to institutional investors, while Bank of America and Citibank will be responsible for selling shares to individual investors. SpaceX has also hired JPMorgan Chase as an advisor for this IPO.

This structure reflects the expected scale of the IPO, which is projected to raise hundreds of billions of dollars, far exceeding most IPOs. It is reported that SpaceX plans to raise funds from individual investors worldwide. In the current discussed structure, Bank of America may primarily handle U.S. domestic investors, while Citibank will coordinate with international banks to sell shares to overseas individual investors.

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