Image: SpaceX
SpaceX’s long-rumored public debut appears to be taking another concrete step forward. According to a report from the Financial Times, Elon Musk’s space company is lining up major Wall Street banks for leading roles on a potential initial public offering, signaling that preparations for an eventual IPO are quietly ramping up.
Citing people familiar with the matter, the FT reports that SpaceX is considering Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley for senior roles on the offering. While no final decisions have been made and the situation remains fluid, the involvement of these heavyweight banks underscores how serious and complex a SpaceX IPO would be. Other banks are also expected to land supporting roles if and when the listing moves forward.
This development follows Elon Musk’s confirmation last month that SpaceX is, in fact, heading toward an IPO, ending years of speculation about whether the company would ever go public. It also comes on the heels of reports that SpaceX had explored a secondary share sale valuing the company at a staggering $800 billion — a figure that would make it the most valuable private company in the world. Musk was quick to deny that a funding round was underway at the time, but notably did not dispute the eye-popping valuation.
The renewed IPO chatter comes as SpaceX fires on nearly all cylinders. The company just wrapped up its biggest year ever in terms of launches, repeatedly breaking its own records while cementing Falcon 9 as the workhorse of the global launch industry. At the same time, Starlink continues to expand aggressively, doubling its user base in 2025 and entering dozens of new markets worldwide. Musk has said Starlink is now SpaceX’s largest source of revenue, a crucial detail for public market investors looking for predictable cash flow alongside ambitious long-term bets.
Beyond traditional satellite internet, SpaceX is also preparing to roll out “Starlink Mobile”, a standalone direct-to-phone satellite service, and has outlined plans for a second-generation cellular Starlink constellation in 2027 that promises massive performance gains. Add to that Musk’s increasingly vocal interest in AI data centers in space, and SpaceX’s story is starting to look less like a pure launch company and more like a vertically integrated space infrastructure giant.
If and when SpaceX does go public, it won’t just be one of the most anticipated IPOs in years — it could redefine how Wall Street values the space economy.
