Quick Read – SpaceX is heading to NASDAQ in June 2026 at a $1.75 trillion valuation with plans to raise up to $75 billion, backed by Goldman Sachs (GS) as lead underwriter and Morgan Stanley (MS) managing retail distribution, but the company carries zero key-person life…
surance on Elon Musk despite disclosing he is the “driving force behind our growth, innovation, and operational success.” – SpaceX’s risk lies in Musk’s divided attention across Tesla, Neuralink, The Boring Company, and his role as Senior Advisor to the President, creating a valuation heavily dependent on one individual who cannot be removed from his board and CEO roles without approval from Class B shareholders. – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Tesla wasn’t one of them. Get them here FREE
There’s a question floating around the biggest IPO in history, and SpaceX has chosen its words very carefully to avoid answering it. I’ve been reading pre-IPO paperwork for nearly two decades, and what’s missing from this one tells you more than what’s in it. The company is reportedly heading to NASDAQ in June 2026 at a $1.75 trillion valuation, with a potential raise of up to $75 billion and a float of just 3% to 4% of equity.
Goldman Sachs (NYSE:GS) holds the “lead left” underwriting position, and Morgan Stanley (NYSE:MS) is steering retail allocation through E*Trade, Schwab, Fidelity, and Robinhood. The fee pool alone is estimated at $800 million to over $1 billion. So what is the question?