Goldman Sachs Leads Oversubscribed SpaceX IPO to Raise $75B at $135
GS•Goldman Sachs is one of the lead underwriters for SpaceX’s IPO, which has become well oversubscribed and will close institutional order books Wednesday at 4 p.m. New York time. The offering of 555.6 million shares at $135 each is set to raise about $75 billion, valuing SpaceX at roughly $1.8 trillion.
1. Oversubscribed Order Books
SpaceX’s IPO order books have become well oversubscribed, prompting lead banks including Goldman Sachs to close institutional orders Wednesday at 4 p.m. New York time. This pause will allow banks to assess demand and prepare final pricing recommendations.
2. IPO Size, Pricing, and Timeline
The offering comprises 555.6 million shares priced at $135 each, targeting approximately $75 billion in proceeds and a valuation near $1.8 trillion. Pricing is scheduled for June 11 with trading set to commence on June 12 under the symbol SPCX.
3. Goldman Sachs Underwriting Role
Goldman Sachs is serving as one of the principal underwriters alongside Morgan Stanley and others, working closely with SpaceX on demand analysis and pricing advice. The deal is poised to generate substantial investment banking fees and bolster Goldman Sachs’ advisory revenue for the quarter.
4. Retail Investor Participation
SpaceX has allocated up to 30% of the IPO to retail investors through select platforms, extending the order window beyond Wednesday’s institutional cutoff. This broad allocation supports demand diversification and may influence aftermarket trading dynamics.
