08:40 AM EDT, 04/01/2026 (MT Newswires) -- (Updates with Bank of America's ( BAC ) comment in the fifth paragraph.)

SpaceX is working with at least 21 banks on its planned initial public offering that could value the rocket company at around $1.75 trillion, Reuters reported late Tuesday.

Morgan Stanley ( MS ) , Goldman Sachs ( GS ) , JPMorgan Chase ( JPM ) , Bank of America ( BAC ) and Citigroup ( C/PN ) (C) are serving as active bookrunners for the IPO, which is expected in June, according to the report.

An additional 16 banks have joined in supporting roles, though plans may still change, Reuters reported.

Banks in addition to the active bookrunners include Barclays ( BCS ) , Deutsche Bank ( DB ) , ING Groep ( ING ) , Raymond James (RJF), Royal Bank of Canada ( RY ) , Banco Santander (SAN), Stifel (SF), UBS (UBS), and Wells Fargo (WFC), the report showed.

Bank of America ( BAC ) declined to comment, while SpaceX, Morgan Stanley ( MS ), Goldman Sachs ( GS ), JPMorgan Chase ( JPM ), and Citigroup ( C/PN ) did not immediately respond to MT Newswires' requests for comment.

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