Goldman leads SpaceX's $75bn IPO machine

Goldman Sachs is anchoring SpaceX's planned $50-75 billion IPO at a $2 trillion valuation, making it the largest listing in history. The bank also arranged a $20 billion bridge loan to clean up $17.5 billion of X and xAI debt before the public debut, removing cross-company liability concerns. Separately, Goldman is offering share-backed loans to existing SpaceX investors at up to 25% of their stake value, providing liquidity while preventing selling pressure ahead of the IPO. Musk told a Tel Aviv summit he's 'back in Texas working on plans for an initial public offering' and needs to 'get the SpaceX IPO stuff going here pretty soon.' The fee pool from underwriting and lending could net Goldman hundreds of millions.