The Financial Times reported that Elon Musk's SpaceX has finalized its initial public offering (IPO) plan, led by four top Wall Street investment banks: Bank of America, Goldman Sachs, JPMorgan, and Morgan Stanley. It is expected to be listed in 2026, with a valuation potentially reaching $1.5 trillion, likely to set a historical record and reignite market enthusiasm in the space technology sector.

The four major Wall Street investment banks have gathered, and SpaceX is creating the world's largest IPO

Insiders reveal that SpaceX, the aerospace giant owned by the world's richest person, Elon Musk, has selected four major investment banks as lead underwriters, including Goldman Sachs, JPMorgan, Bank of America, and Morgan Stanley, which has a strong foundation of cooperation with Musk.

It is reported that senior executives at SpaceX are frequently meeting with these four banks, which are considered a dream team on Wall Street, to discuss the listing structure and other details. However, specific details have not yet been finalized, and the final list and figures may still change.

SpaceX is valued at $1.5 trillion, and Musk remains firmly in the position of the richest person.

Insiders indicate that SpaceX is expected to raise over $30 billion in this IPO, with a target valuation of $1.5 trillion, almost double the approximately $800 billion valuation reported last month.

This will make the company's CEO, Elon Musk, the world's first trillionaire, as this major shareholder holds about 42% of SpaceX shares, approximately 12% of Tesla shares, and 53% of xAI Holdings shares.

If this long-rumored IPO eventually comes true, SpaceX is expected to surpass Saudi Aramco's record of $29 billion in 2019, becoming the largest IPO in history, reflecting investors' high confidence and expectations for the future potential of space development.

Reflecting on Musk's speech this morning at the Davos World Economic Forum (WEF), he expressed confidence in SpaceX's future during a conversation with BlackRock CEO Larry Fink: "SpaceX's goal is to advance rocket technology until we can extend life and consciousness from Earth to the Moon, Mars, and ultimately to other star systems."

(How can investors get ahead in the anticipated largest IPO in history?)

Capital enthusiasm returns: AI and cryptocurrency giants are seeking to go public one after another.

The launch of SpaceX's century IPO coincides with a new wave of tech stock excitement brewing in the U.S. capital markets, with other AI giants such as OpenAI and Anthropic also reportedly intending to go public, with their latest valuations reaching $830 billion and $350 billion, respectively.

Meanwhile, several companies in the cryptocurrency industry are also gearing up, including OKX, Grayscale, Kraken, Securitize, and South Korea's largest exchange Upbit, which has merged with Naver, all reportedly preparing for their IPOs, hoping to replicate the success of Circle (CRCL) and Bullish (BLSH).

However, the performance of cryptocurrency custodian BitGo's IPO today was relatively subdued, retracting much of its gains by the close, rising only 2.72% from the IPO price, indicating that the market remains cautious about cryptocurrency concept stocks.

This article discusses how SpaceX collaborates with the four major Wall Street banks to lead the IPO underwriting, with a valuation expected to reach $1.5 trillion. It first appeared in Chain News ABMedia.