Goldman Sachs takes the top spot in SpaceX's IPO and is expected to receive the largest share of $500 million in underwriting fees BlockBeats News: On May 21st, according to SpaceX's prospectus submitted on Wednesday local time, SpaceX has selected Goldman Sachs to participate in this record breaking IPO transaction. This transaction will bring considerable financial benefits and is also expected to help it compete for the lead underwriter position in several high-profile large IPOs such as OpenAI and Anthropic in recent times. SpaceX's IPO is expected to be the largest in history, with the company's valuation reaching $1.25 trillion in the latest round of acquisitions. Goldman Sachs will serve as the heavily weighted 'left lead underwriter' in the IPO prospectus, expected to lead the final share allocation, pricing, and valuation, and receive the largest share of related underwriting fees. Matt Kennedy, Senior IPO Strategist at Renaissance Capital, stated that executing such a large transaction may be quite complex, but it is also extremely profitable. Sources indicate that SpaceX's IPO size is expected to be at least twice that of Alibaba's $25 billion IPO in 2014, which paid $300.4 million in commissions to underwriting banks that year, accounting for approximately 1.2% of the total transaction size. The underwriting fee for other large IPOs, such as Meta's 2012 listing and Uber's 2019 listing, is also slightly higher than 1%. Calculated at the same ratio, the underwriting fees generated by SpaceX's IPO may exceed $500 million. As a reference, Goldman Sachs' total revenue from stock underwriting business in the previous quarter was $535 million. (Golden Ten)