Morgan Stanley Stock: Race for SpaceX IPO Leadership is On!
SpaceX is moving closer to its highly anticipated stock market debut, with plans for an initial public offering (IPO) in 2026. The company has also begun selling secondary shares, pushing its valuation to around $800 billion. Meanwhile, investment banks are now competing for the top role in managing the listing process.
The race to become the lead underwriter—known as the 'lead left'—has intensified. Morgan Stanley has emerged as the frontrunner, according to insiders. Its long-standing ties with Elon Musk give it an advantage over rivals like Goldman Sachs and JPMorgan.
A final decision on the underwriter has yet to be made. The IPO itself is expected mid-to-late 2026, though SpaceX’s internal memo notes that timing and execution remain uncertain. In the meantime, SpaceX has started selling secondary shares. These private transactions have already valued the company at roughly $800 billion, setting high expectations for the eventual public listing.
The IPO, if successful, would mark one of the largest market debuts in history. Morgan Stanley’s potential lead role reflects its deep relationship with Musk and SpaceX. However, the exact timeline and structure of the offering have not been confirmed.
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