The listing, internally code-named Project Apex, is expected to be among the most closely watched stock market debuts on Wall Street. The public offering, expected in June, is estimated to value the rocket company controlled by founder and chief executive officer Elon Musk at US$1.75 trillion (RM7.05 trillion). The plan is subject to change and additional banks could still be added, the sources said. Bank of America, Barclays, Deutsche Bank, Goldman Sachs, JPMorgan, Mizuho, Santander and Wells Fargo declined to comment. Large IPO syndicates have become more common for mega deals in recent years.

Source: The Edge Markets April 01, 2026 14:38 UTC