A stylized illustration of a cylindrical cup with blue arrows and lines indicating a swirling or rotational motion inside the cup.
Briefs
 Finance
Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

SpaceX Just Picked Goldman Sachs To Lead What Could Be The Largest IPO Ever

Milena Thomas
Published May 20, 2026
[tts_player]
Share:
Summary:
  • SpaceX has chosen Goldman Sachs for the lead-left spot on its IPO, followed by Morgan Stanley, Bank of America, Citigroup, and JPMorgan, per sources cited by CNBC.
  • The company could publicly file its prospectus as soon as Wednesday, after a confidential SEC filing last month.
  • Elon Musk valued SpaceX at $1.25 trillion in February when he merged the rocket company with his AI startup xAI.

Elon Musk's last IPO was Tesla in 2010, and Goldman Sachs led that one too. Now Goldman is back in the lead-left seat on what could be the biggest U.S. IPO ever: a $1.25 trillion debut for SpaceX.

The Lineup

Goldman has the lead-left position on the prospectus, the most senior role on an IPO, followed by Morgan Stanley, then Bank of America, Citigroup, and JPMorgan Chase, according to sources cited by CNBC.

SpaceX filed confidentially with the SEC last month and could make the prospectus public as soon as Wednesday.

The $1.25 trillion valuation Musk pinned on SpaceX came in February, when he merged the rocket company with his AI startup xAI. For context, only two tech companies (Facebook and Alibaba) have ever closed their first trading day with a market cap above $100 billion - SpaceX would be more than ten times that.

Every weekday morning, Market Briefs breaks down what moves like this actually mean for your money in five minutes - and you get a free investing masterclass when you sign up.

Racing OpenAI And Anthropic To Public Markets

SpaceX is trying to land on a public exchange before OpenAI and Anthropic, the two AI model leaders that private investors have each valued near $1 trillion. Both companies are reportedly eyeing IPOs as soon as this year.

Cerebras, an AI chipmaker, closed its Nasdaq debut last week at about a $95 billion market cap, which signals the public market is ready to absorb mega AI-adjacent listings again.

For Musk, the timing lands days after an Oakland advisory jury sided with OpenAI and CEO Sam Altman in his 2024 lawsuit, ruling Musk waited too long to sue. Musk called it a "calendar technicality" and said he would appeal.

What To Watch

The order on the prospectus is its own signal, since lead-left underwriters get more allocation, more fees, and more reputational weight - which is why Goldman holding that role on both of Musk's public companies stands out.

Once the prospectus goes public, three questions will drive the investor reaction:

  • How much of SpaceX's revenue comes from Starlink (the satellite internet business) versus government launch contracts?
  • How does the xAI merger show up in the financials?
  • How has Musk structured voting control?

A trillion-dollar IPO doesn't price itself.

Join 350,000+ investors who read Market Briefs every morning - and pick up a free 45-minute investing course as a bonus when you sign up.

Disclosure

Recent News

1 2 3 … 64

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

August 31, 2026
America Is Running Out of Debt Buyers. Treasury Bills Are the Government's Fix
By Nate Gregory
  • The government took in about $5 trillion in taxes in 2025 and spent about $7 trillion, and the national debt is now over $40 trillion.
  • Investors, banks, and foreign countries are all lending less to the U.S., so starting September 9 the government plans to sell more short-term treasury bills and use that cash to buy back its long-term debt.
  • Government interest rates set the floor for your mortgage, your car loan, and your credit card, and short-term Treasury ETFs like SGOV are one way investors are playing it.
Read More
August 23, 2026
How to Get the Most From Your Guideline 401k
By Nate Gregory
  • Guideline is a company that provides low-cost 401k plans, popular with small businesses and their employees.
  • A "Guideline 401k" follows the same core rules as any 401k: tax-advantaged growth, contribution limits, and often an employer match.
  • The biggest results come from capturing the full match, choosing low-cost funds, and picking Roth or traditional to fit your situation.
Read More
August 23, 2026
Principal 401k: What to Know About Your Plan
By Cierra Seay
  • Principal is one of many companies that manage workplace 401k plans, so a "Principal 401k" is simply a 401k where Principal is the provider.
  • The rules of a 401k are the same no matter who runs it: pre-tax or Roth contributions, tax-advantaged growth, and often an employer match.
  • The biggest wins come from grabbing the full match, picking low-cost funds, and knowing whether Roth or traditional fits you.
Read More
August 23, 2026
What a Tariff Dividend Means for Your Money
By Jackson Moreland
  • A "tariff dividend" is the idea of taking money the government collects from tariffs and paying some of it back to citizens.
  • To judge the idea, you first need to know what a tariff is: a tax on imported goods, usually paid by the companies bringing them in.
  • Tariffs ripple through prices, businesses, and your investments, so the smart move is understanding those ripples, not just the headline.
Read More
August 23, 2026
No Tax on Overtime: How Overtime Pay Is Taxed
By Milena Thomas
  • "No tax on overtime" refers to a tax break that lets certain workers deduct some overtime pay, lowering the income they get taxed on.
  • A deduction does not mean overtime is truly tax-free. It means part of that pay is subtracted before your tax is figured.
  • The bigger money lesson: how you earn money changes how it is taxed, and investors often get the friendliest treatment of all.
Read More
August 23, 2026
Reading the Silver Price Forecast for 2026
By Nate Gregory
  • Nobody can honestly promise a specific silver price for 2026. Any exact number is a guess, so treat forecasts as opinions, not facts.
  • Silver is unusual because it is both a precious metal and an industrial metal, so its price answers to two very different forces.
  • Instead of chasing a forecast, learn the drivers - inflation, interest rates, recession fear, and industrial demand - so you can judge any prediction yourself.
Read More
August 23, 2026
What to Do When Reddit Stocks Go Viral
By Andre Savage
  • "Reddit stocks" usually means stocks getting hyped in online communities, where crowds can send a price soaring or crashing fast.
  • These tips can be entertaining and sometimes useful, but they are opinions, not research, and often come loaded with hype.
  • The safe move is to treat every online tip as a starting point, then do your own homework before risking a dollar.
Read More
August 23, 2026
Why Is Bitcoin Dropping Right Now?
By Kalbir Talwar
  • Bitcoin drops for a mix of reasons: interest rates, big-picture money policy, regulation news, and simple shifts in how much risk investors want to take.
  • Bitcoin has a fixed supply and no earnings, so its price runs almost entirely on supply, demand, and sentiment.
  • Sharp drops are normal for bitcoin. Understanding the drivers matters more than reacting to any single day.
Read More
August 23, 2026
The Fidelity 500 Index Fund, Made Simple for Beginners
By Jackson Moreland
  • The Fidelity 500 Index Fund is a low-cost fund that tracks the S&P 500, an index of 500 large U.S. companies.
  • Buying it means owning a tiny slice of 500 businesses at once, which spreads your risk in a single purchase.
  • Index funds like this win over time mostly by keeping fees low and letting compounding do the work.
Read More
August 23, 2026
USA Penny Stocks: Risks and Rewards Explained
By Cierra Seay
  • USA penny stocks are very low-priced shares of very small companies, often trading under $5 and sometimes under $1.
  • They dangle the dream of huge, fast gains, but carry brutal risks: low liquidity, wild swings, and high failure rates.
  • Most investors build wealth faster with quality companies and funds than by chasing cheap shares.
Read More
1 2 3 … 25
Share via
Facebook
X (Twitter)
LinkedIn
Mix
Pinterest
Bluesky
Tumblr
Skype
Buffer
Pocket
VKontakte
Parler
Xing
Reddit
Line
Flipboard
MySpace
Delicious
Amazon
Digg
Evernote
Blogger
LiveJournal
Baidu
MeWe
NewsVine
Yummly
Yahoo
WhatsApp
Viber
SMS
Telegram
Facebook Messenger
Like
Email
Print
Copy Link
Copy link
CopyCopied