TechFlow News, June 14: According to regulatory filings and sources familiar with the matter cited by The Wall Street Journal, SpaceX’s underwriting fees for its initial public offering (IPO) are expected to total approximately $500 million—about 0.7% of its $75 billion fundraising target.
Within the underwriting syndicate, Goldman Sachs and Morgan Stanley, serving as joint lead managers, will receive the largest share of the fees. Sources indicate that the two firms together are expected to receive roughly 40% of the total underwriting fees—approximately $100 million each.
Additionally, Bank of America, Citigroup, and JPMorgan Chase are each expected to earn approximately $75 million in underwriting revenue, while other participating financial institutions are expected to receive about $10 million or less each.
If these figures materialize, SpaceX’s IPO will become one of Wall Street’s most closely watched major financing deals in recent years—not only marking a significant milestone for the commercial space sector but also generating substantial revenue for the investment banks involved in the underwriting.
