SpaceX lines up 21 banks for mega IPO under Project Apex
Synopsis
SpaceX IPO plans are advancing after the company hired at least 21 banks for a possible listing internally called Project Apex. The proposed public offering could take place in 2026 and may value the company at around $1.75 trillion, based on people familiar with the plan.
SpaceX IPO plans are progressing as the company hires 21 banks for a potential 2026 listing. Estimates suggest the company generated about $15–16 billion in revenue in 2025.
Key Highlights
- SpaceX has hired at least 21 banks for a planned public listing called Project Apex.
- The SpaceX IPO could take place in 2026, although the timeline may still change.
- The company is estimated to have generated $15–16 billion in revenue in 2025.
- Five major global banks are expected to lead the underwriting process for the IPO.
SpaceX IPO plans are moving forward after the company lined up at least 21 banks to work on a possible public listing internally called “Project Apex,” according to a Reuters report published on April 1, 2026.
The proposed listing could take place around June 2026, although the timing may still change.
Five banks are expected to lead the deal, including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America and Citigroup.
Another 16 banks have joined in supporting roles to handle institutional investors, private clients and retail investors across different markets.
The SpaceX IPO could value the company at about $1.75 trillion if the plan moves ahead under current market conditions.
The company has not publicly confirmed the listing, and the banks involved have also not issued official comments.
Revenue growth and financial estimates
Estimates cited in recent reports suggest SpaceX generated about $15 billion to $16 billion in revenue in 2025.
The company does not release detailed financial statements because it remains privately held.
A large share of the growth is linked to Starlink, the satellite internet service that now operates in multiple countries.
The strong demand for satellite broadband has increased investor interest ahead of the SpaceX IPO.
Global investor demand and large bank syndicate
Large underwriting groups have become more common for very large listings. Reuters noted that recent technology listings have also involved large banking syndicates, particularly when investors from the United States, Europe and Asia are expected to participate.
The size of the bank group suggests the SpaceX IPO is being prepared for broad global participation. Reports also indicate that retail investors could receive a meaningful share of the offering if the listing goes ahead.
FAQs
Q1. When is the SpaceX IPO expected to take place?
Reports suggest the SpaceX IPO could happen around 2026, although the timeline has not been officially confirmed.
Q2. How many banks are working on the SpaceX IPO?
The company has lined up at least 21 banks to work on the planned IPO, according to people familiar with the plan.
Q3. What is ‘Project Apex’ in the SpaceX IPO plan?
‘Project Apex’ is the internal name reportedly being used for SpaceX’s planned public listing.
Q4. How much could the SpaceX IPO value the company?
Reports suggest the IPO could value SpaceX at about $1.75 trillion if the listing goes ahead.
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Pooja Malik is a business journalist with over six years of experience covering startups, entrepreneurship, and emerging trends. She has previously worked with leading media platforms such as YourStory Media and BW BusinessWorld, where she reported on business, policy, and market developments. Currently, she serves as Editor at The Inspirepreneur Magazine, where she writes and edits stories across business, lifestyle, and travel, with a focus on clarity, accuracy, and reader relevance.
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