Goldman Sachs CEO David Solomon reportedly messaged Elon Musk on X to pitch for the lead underwriter role in SpaceX’s $75 billion IPO. This aggressive push secured Goldman the first-listed spot on the filing, challenging Morgan Stanley’s traditional dominance with Musk’s companies.
SpaceX is targeting a valuation of up to $2 trillion for the offering. The deal is expected to generate more than $1 billion in fee revenue for Wall Street.
Goldman Sachs shares reached a new all-time high of $986.23 following the confirmation. The price movement signals strong market confidence in the firm’s dealmaking momentum.