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This pivotal campaign was personally led by several of Goldman Sachs' most senior top investment bankers. Goldman Sachs has maintained a longstanding business relationship with SpaceX, and Sudewi's unconventional decision to personally reach out this time successfully helped Goldman Sachs win the favor of this super client. A monumental case sparks an all-out contest: Over the past few months, major Wall Street investment banks have been fiercely competing for the leading position in SpaceX's IPO. It is reported that SpaceX's target valuation for this public listing will exceed 2 trillion USD, with plans to simultaneously raise 75 billion USD.

If the company's valuation surpasses approximately $1.7 trillion, Musk's stake of just over 40%, combined with his Tesla shares, will make him the first person in history to reach a 13-figure net worth. This means Musk's personal fortune will exceed that of all American companies except for 10, roughly equal to Berkshire Hathaway, and higher than Eli Lilly and JPMorgan. Musk's current net worth has already surpassed that of ExxonMobil, the largest oil company in the United States. This calculation does not include restricted stock in SpaceX that has been granted to Musk but has not yet vested, though it does account for options he can exercise in the near term.

The company disclosed this data in a document submitted to the U.S. Securities and Exchange Commission (SEC) on Wednesday. The data shows that in 2025, SpaceX will spend approximately $3 billion on the Starship project, whereas the research and development investment in the previous year was $1.84 billion. Looking back to 2018, SpaceX CEO Musk predicted that the development cost of Starship would be between $2 billion and $10 billion. In April 2023, Musk predicted that SpaceX’s expenditure on Starship for that year would reach around $2 billion.