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2025-12-15 05:51:20
According to the Wall Street Journal, sources familiar with the matter revealed that SpaceX executives have initiated a selection process for Wall Street investment banks to advise the company on its initial public offering (IPO). Several investment banks are scheduled to submit their first round of proposals this week. This process, known as a "bidding war," is the most concrete step the rocket manufacturer has taken toward what could be a "blockbuster IPO." Earlier reports indicated that SpaceX informed employees on Friday that the company is preparing for a possible IPO next year. Chief Financial Officer Brett Johnson stated in a message to employees, "Our assumption is that if the company executes its plans well and market conditions are favorable, this IPO could raise a significant amount of capital." He also wrote that whether the IPO will proceed and when it will take place remains "highly uncertain."
