Inside SpaceX’s IPO: Goldman Sachs takes prestigious lead spot while Morgan Stanley plays a major role for retail investors SpaceX (SPAX.PVT) has finally given investors their first look at its massive IPO, setting up what could be one of the most lucrative stock listings ever…
ndled by Wall Street banks. The rocket maker’s preliminary S-1 filing offered an inside look at Wall Street’s lineup behind a reported $75 billion share sale
An offering of that size would shatter the world’s previous IPO record, a $26 billion raise set by Saudi Aramco in 2019. Goldman Sachs (GS) and Morgan Stanley (MS) will serve as the two lead investment banks on the IPO, which includes a total of 23 investment banks. It’s far from clear what fees any Wall Street firm stands to make from the transaction.
But hypothetically, the deal would be a cash cow to banks. Based on the listing size, the total fee pool for bankers could range anywhere between $800 million and more than $1 billion, according to Yahoo Finance’s estimate. With its name appearing first on the list of banks advising and underwriting the offering, Goldman Sachs landed the coveted “lead left” position.