SpaceX negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports
Key takeaways
- The banks are still likely to rake in about $500 million from the record-setting listing of the space and AI conglomerate, the report added, citing people familiar with the matter.
- Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P.
- The lead banks, Goldman Sachs and Morgan Stanley, are positioned to take in a bigger share of the fee pool than the other 21 brokers involved, the report added.
Space X negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports Reuters Tue, June 2, 2026 at 8:23 PM GMT+7 1 min read SPAX.PVT GS MS June 2 (Reuters) - Elon Musk s Space X is negotiating with banks underwriting its initial public offering to pay fees of less than 0.75% on the roughly $75 billion it aims to raise this month, Bloomberg News reported on Tuesday.
The banks are still likely to rake in about $500 million from the record-setting listing of the space and AI conglomerate, the report added, citing people familiar with the matter.
Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of global investment banks underwriting the deal.