SpaceX IPO Lead Underwriter Battle, Goldman Sachs Expected to Come Out on Top

BlockBeats News, May 20th, according to

report, sources revealed that Goldman Sachs is expected to be the lead underwriter for SpaceX's upcoming IPO. Morgan Stanley is also one of the lead underwriters for this IPO, but Goldman Sachs is expected to be listed first in the underwriters' list in the prospectus, which could be filed publicly as early as Wednesday.

Given Musk's close relationship with Morgan Stanley, this underwriting arrangement comes as a surprise. Other banks leading the deal include Bank of America, Citigroup, and JPMorgan Chase.