金色财经|Jun 02, 2026 13:50
[SpaceX Seeks to Lower IPO Underwriting Fee Rate, But Banks Still Expected to Share $500 Million in Revenue]
According to a report by Jinse Finance, on June 2, SpaceX, under Elon Musk, is negotiating with Wall Street investment banks handling its IPO, aiming to pay an extremely low fee rate. However, even with significantly reduced fees, the banks responsible for this listing are still expected to earn approximately $500 million in revenue from this record-breaking IPO.
The aerospace and artificial intelligence group under Musk plans to go public this month, targeting a fundraising scale of $75 billion. According to sources familiar with the matter, the company is currently striving to lower the underwriting fee rate to below 0.75%. Although this rate is far below the usual level, it is still set to become one of the most profitable IPO projects in the history of the Wall Street banks arranging it.
As the lead underwriters for this IPO, Goldman Sachs and Morgan Stanley are expected to receive a larger share of the underwriting fees compared to the other 21 participating brokerage firms. Sources indicated that the aforementioned figures only reflect the basic underwriting fees paid by SpaceX and do not include potential additional incentive fees.
Since the discussions involve non-public information, the sources requested anonymity. Spokespersons for SpaceX, Goldman Sachs, and Morgan Stanley all declined to comment on the matter.
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