Goldman Sachs to Lead $1.75 Trillion SpaceX IPO With $1.45B Bitcoin Disclosure
GS•Goldman Sachs is named among lead underwriters on SpaceX’s IPO filing which seeks a $1.75 trillion valuation and could debut under ticker SPCX as soon as June 12. The S-1 reveals SpaceX holds 18,712 bitcoin worth $1.45 billion acquired at a $661 million cost basis.
1. Underwriting Role
Goldman Sachs is listed as a lead underwriter alongside Morgan Stanley, Bank of America, Citigroup and J.P. Morgan for SpaceX’s planned stock offering. The firm will manage bookrunning responsibilities and stand to earn significant advisory and underwriting fees tied to the $1.75 trillion valuation.
2. Bitcoin Holdings Disclosure
The IPO S-1 discloses SpaceX holds 18,712 bitcoin valued at $1.45 billion based on current market prices, with a $661 million cost basis recorded as of December 31. This positions SpaceX among the top seven corporate bitcoin holders and adds a quantifiable crypto asset to its balance sheet.
3. IPO Timeline and Valuation
SpaceX aims to debut on Nasdaq and Nasdaq Texas under ticker SPCX as early as June 12, targeting a record-setting $1.75 trillion valuation. Revenue drivers highlighted include $18.67 billion from Starlink and an estimated $28.5 trillion total addressable market across its reusable rockets, satellite services and xAI ventures.
