Elon Musk's SpaceX lines up banks to lead mega-IPO

SpaceX has lined up four banks to lead its initial public offering, according to people familiar with the matter, as Elon Musk’s rocket and satellite firm moves forward with plans for the biggest-ever listing.

The company sees Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in senior roles, the people said, asking not to be identified as the information isn’t public.

The Financial Times reported the lead banks earlier. Additional banks are in talks for roles on SpaceX’s IPO, the people said. No final decisions have been made, and details could change, the people said.

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A SpaceX representative didn’t immediately respond to a Bloomberg request for comment. The banks declined to comment.

SpaceX is targeting an IPO as soon as this year that would raise significantly more than $30 billion in a transaction that would value the company at about $1.5 trillion, people familiar with the preparations have said.

The company is moving forward with an insider share sale that values it at about $800 billion, Bloomberg News reported in December.

SpaceX told its employees in December it was entering a quiet period and that they should refrain from discussing the IPO, a regulatory requirement for listing candidates in the months leading up to the expected debut.

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