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💰 BIG MONEY BEHIND THE SPACEX IPO
SpaceX's $75 billion IPO isn't just creating new shareholders, it's generating massive payouts for Wall Street.
📊 Total underwriting fees are estimated at roughly $500 million, or about 0.7% of the capital being raised.
🏦 Goldman Sachs and Morgan Stanley are expected to receive the largest share, with approximately $100 million each.
🏛️ Bank of America, Citigroup, and JPMorgan are projected to earn around $75 million each.
Meanwhile, several other participating banks are expected to collect fees ranging from a few million dollars to around $10 million.
Even by IPO standards, the economics are staggering.
A $75 billion raise.
Over $500 million in fees.
And one of the biggest paydays Wall Street has ever seen. 🚀
#SpaceX #IPO #Investing #markets
#cryptofirst21 $SPCX