Key facts
- Morgan Stanley and Goldman Sachs decorated their lobbies with SpaceX gear ahead of the IPO.
- The banks are lead underwriters for the SpaceX IPO.
- SpaceX is seeking to raise $75 billion in the offering.
- The deal would value Elon Musk's space company at over $1.75 trillion.
- Goldman Sachs holds the lead-left bookrunner position.
Morgan Stanley and Goldman Sachs have decorated their respective headquarters' lobbies with SpaceX imagery and logos in anticipation of the company's upcoming Initial Public Offering (IPO). This display signifies the banks' prominent role as lead underwriters for what is expected to be a historic market debut. Goldman Sachs specifically highlighted its 'lead left' bookrunner position. SpaceX aims to raise $75 billion through the offering, a sum that would surpass Saudi Aramco's 2019 record. The deal is projected to value Elon Musk's space exploration company at over $1.75 trillion, positioning it among the world's most valuable public entities. The banks' involvement brings significant prestige and substantial fees, underscoring the magnitude of the event for Wall Street.