Wall Street is poised for a lucrative quarter as SpaceX prepares for what could be the largest initial public offering ever recorded. The underwriting fee pool for SpaceX’s upcoming IPO is estimated at $500 million. Major financial institutions Goldman Sachs and Morgan Stanley are ready to earn approximately $100 million each for their roles as lead bookrunners.
The anticipated valuation for SpaceX is around $1.75 trillion, aiming for a substantial $75 billion in capital raised. The company filed its S-1 registration statement with the SEC in May 2026, after a confidential filing the month before. The shares are expected to be priced around $135 and are set to trade under the ticker SPCX on the Nasdaq. Pricing is anticipated for June 11, 2026, with trading expected to begin the next day.
Interest in the IPO appears strong, with the deal already significantly oversubscribed. BlackRock alone has placed a massive order worth $5 billion. Goldman Sachs is positioned as the lead left bookrunner, while Morgan Stanley serves as co-lead. Other significant participants include Bank of America, Citigroup, and JPMorgan, among roughly 21 additional firms contributing to the syndicate.
What has surprised investors is a financial disclosure within SpaceX's S-1 filing regarding its Bitcoin assets. The company holds 18,712 Bitcoin, acquired at a cost basis of about $661 million. At the time of the filing, the fair market value of these holdings ranged between $1.29 billion and $1.45 billion. This positions SpaceX as one of the largest corporate holders of Bitcoin that are preparing to go public, surpassing even Tesla's well-known Bitcoin reserves.