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Wall Street is about to have a very good quarter. The underwriting fee pool for SpaceX’s upcoming IPO clocks in at roughly $500 million, with Goldman Sachs and Morgan Stanley each set to pocket around $100 million for their roles as lead bookrunners.
The biggest IPO ever, by a wide margin
SpaceX is targeting a $75 billion raise at a valuation of approximately $1.75 trillion.
The company filed its S-1 registration statement with the SEC in May 2026, following a confidential filing the prior month. Shares are expected to be priced around $135 and will trade under the ticker SPCX on Nasdaq.
Pricing is set for around June 11, 2026, with shares expected to begin trading the following day.
The deal is already significantly oversubscribed. BlackRock alone placed a $5 billion order.
Goldman Sachs holds the coveted lead left position in the syndicate. Morgan Stanley sits alongside as co-lead. Bank of America, Citigroup, and JPMorgan round out the major bookrunners, with roughly 21 additional firms filling out the rest of the syndicate.
A surprise on the balance sheet: 18,712 Bitcoin
Buried in SpaceX’s S-1 filing is a disclosure that caught the crypto world’s attention. The company holds 18,712 BTC, acquired at a cost basis of approximately $661 million.
At the time of filing, those holdings carried a fair value between $1.29 billion and $1.45 billion.
That position makes SpaceX one of the largest corporate Bitcoin holders among companies that will be publicly traded. It actually surpasses Tesla’s known Bitcoin holdings.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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