Mars Finance News, May 21 — According to the prospectus filed by SpaceX on Wednesday local time, SpaceX has selected Goldman Sachs to participate in this record-breaking IPO. This transaction will bring substantial financial gains and is also expected to help it secure a lead underwriter position in recent high-profile large IPOs such as OpenAI and Anthropic. SpaceX's IPO is expected to become the largest in history, with the company's valuation reaching $1.25 trillion in its most recent acquisition round. Goldman Sachs will hold the highly significant position of "left-side lead underwriter" in the IPO prospectus, expected to lead the final share allocation, pricing, and valuation, and to receive the largest share of underwriting fees. Matt Kennedy, senior IPO strategist at Renaissance Capital, said that executing such a large-scale transaction could be quite complex but also extremely profitable.
Sources say that the scale of SpaceX's IPO is expected to be at least twice that of Alibaba's $25 billion IPO in 2014, when the underwriters paid $300.4 million in commissions, accounting for about 1.2% of the total transaction size. Other large IPOs (such as Meta's 2012 listing and Uber's 2019 listing) also had underwriting fees slightly above 1%. Calculated at the same rate, the underwriting fees generated by SpaceX's IPO could exceed $500 million. For reference, Goldman Sachs's total revenue from stock underwriting in the last quarter was $535 million. (Jin10)

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MoonlightMineralWater

· 3h ago

From rockets to IPOs, Musk is always making history

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Don'tBeACoachForBagholders

· 3h ago

How much can retail investors get? Probably another celebration for the institutions.

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MirrorBallReflection

· 3h ago

What does the main underwriter on the left side mean? Can someone explain?

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ColdLightNftCabinet

· 3h ago

Goldman Sachs made a killing this time, earning 500 million in underwriting fees just by sitting back.

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GateUser-4bd1cc87

· 4h ago

Goldman Sachs: Thank you, Boss Ma, for the year-end bonus.

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DaoSidequester

· 4h ago

Let's put interstellar colonization on hold for now; first, let's get the Earthlings' money under control.

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SlippageSiren

· 4h ago

For this IPO scale, the NYSE servers need to be expanded in advance.

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MintedAtDawn

· 4h ago

Valuation of 1.25 trillion, even Tesla falls silent.

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CatMarketAnalysisAssistant

· 4h ago

Elon Musk is trying to create a space version of Apple.

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GateUser-08ae47f3

· 4h ago

The biggest IPO in history? Alibaba was already crazy enough back then.

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Goldman Sachs takes the top spot in SpaceX IPO, expected to secure the largest share of $500 million in underwriting fees

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