#GoldmanMorganEach$100MInSpaceXIPOFees
๐ฐ Wall Street is set for a massive payday from the historic $SPCX IPO.
According to reports, investment banking giants Goldman Sachs and Morgan Stanley are expected to earn approximately $100 million each in underwriting fees from $SPCX record-breaking IPO. The total underwriting fee pool is estimated at around $500 million, making it one of the largest fee payouts in IPO history.
๐ SpaceX raised roughly $75 billion through its public offering, valuing the company at around $1.77 trillion. Despite charging an unusually low fee percentage compared to typical mega-IPOs, the sheer size of the deal generated enormous revenue for the banks involved.
๐ As lead underwriters, Goldman Sachs and Morgan Stanley reportedly secured the largest share of the fee pool, while other major banks such as Bank of America, Citigroup, and JPMorgan Chase are also expected to receive substantial payouts.
Key Highlights:
โ Goldman Sachs fee estimate: ~$100M
โ Morgan Stanley fee estimate: ~$100M
โ Total IPO fee pool: ~$500M
โ SpaceX IPO proceeds: ~$75B
โ Largest IPO in U.S. market history by funds raised ๏ฟฝ
The Wall Street Journal +1
The $SPCX IPO has not only reshaped the space industry but also delivered one of the biggest underwriting windfalls ever seen on Wall Street, highlighting the immense demand for Elon Musk's aerospace giant.
