Goldman Sachs and Morgan Stanley Promote SpaceX IPO With Lobby Displays Ahead of Record $75 Billion Offering
The two banks, lead underwriters on the offering, displayed SpaceX logos and imagery at their New York headquarters on Wednesday. SpaceX seeks to raise $75 billion and reach a valuation above $1.75 trillion.
Goldman Sachs and Morgan Stanley decorated their New York headquarters lobbies with SpaceX imagery on Wednesday ahead of the rocket maker's planned initial public offering. Morgan Stanley draped its lobby entrance gates with SpaceX logos and hung a giant mural of Mars on a lobby wall.
Goldman Sachs covered its lobby walls with renderings of Starship and displayed text noting its role as lead-left bookrunner.
The displays came as the banks prepared to underwrite what SpaceX's SEC filing shows as a $75 billion offering. 75 trillion. Goldman Sachs and Morgan Stanley are the lead underwriters, with Goldman holding the lead-left position in the S-1 filing.
The banks stand to collect substantial fees and strengthen ties with SpaceX founder Elon Musk's businesses. SpaceX is a rocket maker founded by Elon Musk. The lobby displays occurred at the banks' headquarters in New York.
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