SpaceX on track to go public in June, sources say

Summary

• SpaceX has confidentially filed paperwork with the SEC for an IPO, targeting a June listing.
• The IPO could be the largest in history and the first in a wave of blockbuster AI-related debuts this year.
• Potential valuation is reportedly sought at over $1.75 trillion, though details like share count and price range are pending.
• A syndicate of 21 investment banks is involved, with Morgan Stanley, Goldman Sachs, JP Morgan, Bank of America, and Citigroup in senior roles.
• SpaceX is considering an unusually large retail allocation of up to 30% of the deal, three times the normal range.
• Intense focus exists on which retail platforms will distribute shares, with Morgan Stanley's E-Trade seen as a leading contender.
• The report is based on sources and confirms earlier information, highlighting the scale and novelty of the offering.