SpaceX has chosen Goldman Sachs for the top banking role on what could become the biggest stock market debut in history, according to reports from CNBC and The Wall Street Journal.

Morgan Stanley, Bank of America, Citigroup and JPMorgan Chase are also expected to help lead the offering, which could value Elon Musk’s company at as much as $2 trillion and raise roughly $75 billion from investors.

For everyday consumers and investors, the headline is simple: Wall Street is betting that SpaceX could become one of the most valuable and influential companies ever to go public.

The company behind the Falcon rockets and Starlink internet satellites has grown far beyond the space industry. Starlink alone now serves millions of customers globally, while SpaceX’s launch business dominates commercial rocket launches in the United States. Earlier this year, Musk also merged his artificial intelligence company xAI into the broader SpaceX business, turning the company into a mix of space, internet and AI technology under one roof.

That combination is a major reason investor demand is expected to be enormous.

The IPO would easily surpass Saudi Aramco’s 2019 debut as the largest offering ever recorded. Analysts believe the deal could become one of the most heavily traded and closely watched stocks on Wall Street the moment shares begin trading.

But the offering is also generating debate.

Reports suggest SpaceX plans to reserve as much as 30% of the shares for everyday retail investors instead of mainly large Wall Street institutions. Supporters say that gives ordinary Americans a rare opportunity to buy into one of the world’s most sought-after private companies. Critics argue small investors could end up buying at extremely high valuations before fully understanding the company’s risks and finances.

Some analysts also warn the stock could swing sharply after launch because only a limited number of shares are expected to trade publicly at first. Musk, employees and longtime investors are still expected to control most of the company.

Another concern is debt. Reports indicate SpaceX and xAI took on billions of dollars in obligations tied to their merger, meaning part of the IPO money could go toward paying lenders rather than directly funding future expansion.

Still, enthusiasm around the company remains strong.

Starlink’s rapid growth has turned it into one of the world’s fastest-growing internet businesses, while the AI side of the company gives investors exposure to the booming artificial intelligence market that continues driving Wall Street higher.

The IPO also arrives as investors increasingly look for the next major AI-related stock after Nvidia’s massive run. OpenAI and Anthropic are both reportedly exploring future public offerings as the AI race accelerates.

For Goldman Sachs, winning the lead role on the deal is a major Wall Street victory. The position gives Goldman the top placement on the IPO paperwork and the largest share of underwriting fees, which analysts estimate could total close to $1 billion across all banks involved.

SpaceX has not officially confirmed the timing, but reports suggest public filing documents could arrive within days, with trading potentially beginning as soon as June.

If the offering moves forward at the valuations currently being discussed, it would mark one of the biggest moments in modern financial market history — and another massive expansion of Elon Musk’s business empire.

— JBizNews Desk

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