SpaceX is taking significant steps toward its anticipated blockbuster Initial Public Offering, hiring two prominent law firms for legal counsel. Gibson Dunn & Crutcher will represent SpaceX, while Davis Polk & Wardwell will advise the underwriting banks. This move signals a major milestone in the confidential IPO preparation process, which could see a filing as early as this month. A public listing at a potential $1.75 trillion valuation would position SpaceX among the world's most valuable companies, offering public investors a stake in Elon Musk's space exploration venture.
Gibson Dunn previously advised SpaceX on its acquisition of xAI. Davis Polk has a strong track record, having worked on major U.S. IPOs such as Uber and Arm Holdings, and consistently ranks at the top of capital markets league tables.