Morgan Stanley at the forefront among banks competing for SpaceX IPO, according to report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
0mins
Source: SeekingAlpha
Morgan Stanley's Role: Morgan Stanley is leading the competition to underwrite SpaceX's upcoming IPO, leveraging its strong relationship with CEO Elon Musk, who previously worked with the bank for Tesla's IPO and other financing deals.
Ongoing Selection Process: The selection process for the lead underwriting position is still in progress, with Goldman Sachs and JPMorgan Chase also competing for significant roles in the IPO.
Valuation and Timeline: SpaceX is reportedly valued at $800 billion following a recent secondary share sale, with a potential IPO anticipated in 2026.
Lack of Comments: SpaceX, Morgan Stanley, JPMorgan Chase, and Goldman Sachs have not provided comments regarding the IPO or the underwriting process.
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Analyst Views on MS
Wall Street analysts forecast MS stock price to fall
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 200.510
Low
132.00
Averages
185.00
High
219.00
Current: 200.510
Low
132.00
Averages
185.00
High
219.00
About MS
Morgan Stanley is a global financial services company. The Company is engaged in providing a range of investment banking, securities, wealth management and investment management services. Its segments include Institutional Securities, Wealth Management and Investment Management. Its Institutional Securities segment provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients. Its Wealth Management segment provides an array of financial services and solutions to individual investors and small to medium-sized businesses and institutions. Its Investment Management segment provides a range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Its investment banking services consist of capital raising and financial advisory services, including the underwriting of debt and other products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Expenditure Plan: The company has an $81 billion regulated capital expenditure plan expected to support 9% rate base growth through 2030, indicating strong demand visibility and growth potential.
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- Future Market Risks: While bonds still provide value for income-seeking investors, factors like inflation, rising oil prices, and fiscal stress may hinder bonds from delivering expected protection, necessitating cautious navigation of potential market shocks.
See More
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- Innovative Product Launch: Under the new agreement, debuting teams will wear 'debut patches' on matchday jerseys, which will be converted into exclusive trading cards, likely attracting more collectors and enhancing market demand and brand influence.
- Increased Legal Challenges: Fanatics' aggressive expansion has prompted an antitrust lawsuit from Panini, alleging attempts to monopolize the trading card market for major U.S. professional sports leagues, potentially leading to higher prices and fewer choices for consumers, impacting the company's reputation.
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See More
