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SpaceX demands lower IPO underwriting fees, but investment banks still expect to share in $500 million in revenue

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Golden Finance reports that on June 2nd, Musk's SpaceX is negotiating with Wall Street investment banks handling its IPO, hoping to pay very low fees. However, even with significantly reduced fee standards, the banks responsible for this listing are still expected to earn about $500 million from this record-breaking IPO. Musk's aerospace and artificial intelligence group plans to go public this month, aiming to raise $75 billion. According to sources, the company is currently trying to reduce the underwriter fee rate to below 0.75%. Although this rate is far below the usual level, it will still be one of the most profitable IPOs in the history of the Wall Street banks involved in arranging this offering. As the lead underwriters, Goldman Sachs and Morgan Stanley are expected to receive a larger share of the underwriting fees than the other 21 participating brokerages. Sources said the figures above only reflect the base underwriting fees paid by SpaceX and do not include any additional performance-based bonuses that may be awarded. Since the discussions are not publicly disclosed, sources requested anonymity. Spokespersons for SpaceX, Goldman Sachs, and Morgan Stanley all declined to comment.
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