[Wall Street Investment Banks' Second-Quarter Fee Revenue Expected to Reach Four-and-a-Half-Year High, SpaceX IPO as Key Driver] Odaily Planet Daily reports, according to data compiled by Bloomberg, the five largest U.S. investment banks are projected to achieve approximately $11.1 billion in fee revenue from investment banking operations in the second quarter of 2026, a year-on-year increase of 27%, marking the highest level since 2021. The growth is primarily driven by the SpaceX IPO and the recovery of large-scale merger and acquisition (M&A) transactions. Among them, the SpaceX IPO contributed approximately $500 million in fees to the 23 underwriting banks involved, setting a record high in the history of public offerings. Goldman Sachs and Morgan Stanley each earned approximately $100 million in revenue. Additionally, M&A fee revenue for the five major investment banks is expected to grow by about 30% year-on-year, reaching over $4 billion. The market believes that future listing plans of major tech companies such as SpaceX, OpenAI, and Anthropic could further drive growth in Wall Street's investment banking business. (Financial Times)