Banks advising SpaceX’s record IPO may earn under 0.75% in fees, totaling around $500 million for the deal.
SpaceX is negotiating underwriting fees below 0.75% for its $75 billion initial public offering, targeting a June listing. The deal could generate about $500 million in fees for the syndicate of banks involved, despite the lower rate.
Goldman Sachs and Morgan Stanley are leading the offering, with a larger share of the fee pool than the other 21 brokers. The IPO is expected to value SpaceX at approximately $1.75 trillion, making it the largest stock market debut in history.
The company plans to launch its roadshow on June 4, with shares potentially debuting as early as June 12. The listing will provide public investors access to SpaceX’s space launch, satellite broadband, and AI businesses.