The legal advisors on SpaceX’s USD 75 billion IPO
Space Exploration Technologies Corp. (SpaceX) concluded a USD 75 billion initial public offering.
In connection with the operation, Homburger advised SpaceX, while Lenz & Staehelin represented the underwriters — a syndicate led by Goldman Sachs & Co., Morgan Stanley, BofA Securities, Citigroup, and J.P. Morgan — on all Swiss law aspects.
The legal teams
The Homburger team comprised Benjamin Leisinger and Eduard De Zordi (both capital markets).
The Lenz & Staehelin team was led by Patrick Schärli and included Patrick Schleiffer and Kaan Saritas (all capital markets).
A team from Gibson, Dunn & Crutcher led by Hillary Holmes, Harrison Tucker and Atma Kabad, served as lead counsel to SpaceX.
The context
The SpaceX IPO included a public offering in the United States, but also a portion of the shares was offered to retail investors in Australia, Canada, Japan, the United Kingdom, certain EU countries, and Switzerland on the basis of locally approved or passported prospectuses. SpaceX shares are listed on Nasdaq and Nasdaq Texas under the ticker symbol “SPCX.” The offering closed on 15 June 2026.
In addition to being the largest IPO ever, the SpaceX IPO is also the first U.S. IPO to include concurrent public offerings in multiple jurisdictions around the world, including Switzerland.
