Goldman Sachs CEO David Solomon reportedly made direct contact with Elon Musk during the intense competition among major investment banks to secure a leading role in SpaceX’s expected initial public offering (IPO). According to Bloomberg, Solomon and members of his team reached out to Musk through direct messages on X while banks were vying for the prestigious “lead-left” underwriting position in the deal.
The move came as SpaceX moved closer to launching what could become one of the largest IPOs in history. Reuters reported that Goldman Sachs is expected to secure the lead-left position, which represents the most senior role among underwriters handling a public offering. Morgan Stanley is also expected to play a major role alongside other financial institutions including Bank of America, Citigroup and JPMorgan Chase.
Reports from The Wall Street Journal and Financial Times highlighted the intense rivalry between investment banks for top placement on the IPO prospectus, as the role carries both prestige and financial significance within the industry.
NDTV, citing syndicated reports, noted that SpaceX is preparing for a massive public market debut as the company expands its ambitions in satellite internet services, artificial intelligence and space exploration. Elon Musk’s company is also developing Starship and strengthening its Starlink business while targeting future missions to the Moon and Mars.
The anticipated IPO is expected to attract strong investor interest and could mark a major moment for global equity markets as large technology and AI-driven firms increasingly prepare for public listings.
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