Morgan Stanley to Co-Lead SpaceX’s $1.75T Nasdaq IPO with Four Banks
MS•Morgan Stanley has been chosen as one of five global lead underwriters for SpaceX’s anticipated $1.75 trillion Nasdaq debut, a move that could drive tens of millions in investment banking fees. Inclusion on the mega IPO comes alongside Goldman Sachs, Bank of America, Citigroup and J.P. Morgan.
1. Morgan Stanley Secures Lead Underwriting Role
Morgan Stanley has been tapped as one of five global lead underwriters for SpaceX’s planned Nasdaq listing under ticker SPCX, joining Goldman Sachs, Bank of America, Citigroup and J.P. Morgan. This selection positions Morgan Stanley at the center of what could be the largest space-sector IPO in history, targeting a $1.75 trillion valuation.
2. Impact on Investment Banking Revenue
Underwriting a megadeal of this scale typically generates fees equal to 1–3% of deal size, suggesting Morgan Stanley could earn tens of millions in revenue. The assignment underscores the firm’s strength in handling marquee tech and infrastructure listings and may boost its Q2 investment banking results.
