[SpaceX Pressures Banks, Seeks Underwriting Fees Below 0.75%] Market News: SpaceX is pressuring banks to achieve a record-low IPO fee rate. SpaceX is negotiating with banks underwriting its initial public offering (IPO), seeking to pay underwriting fees below 0.75%. Despite SpaceX negotiating to lower underwriting fees, banks could still earn approximately $500 million in revenue from this IPO.