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Goldman Sachs secures the leading position for SpaceX IPO underwriting, expected to receive the largest share of the $500 million underwriting fee.

Goldman Sachs secures the leading position for SpaceX IPO underwriting, expected to receive the largest share of the $500 million underwriting fee.

金十金十2026/05/21 08:17
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Golden Ten Data, May 21 – According to a prospectus submitted by SpaceX on Wednesday local time, SpaceX has chosen Goldman Sachs to participate in its record-breaking listing transaction. This deal will bring significant financial gains and is also expected to help it secure a lead underwriter seat in recent high-profile large IPOs such as OpenAI and Anthropic. SpaceX’s IPO is expected to become the largest IPO in history, with the company’s valuation reaching $1.25 trillion in its most recent acquisition deal. Goldman Sachs will serve as the highly significant "lead left" underwriter in the IPO prospectus, and is expected to take the lead in the final share allocation, pricing, and valuation, as well as receive the largest share of related underwriting fees. Matt Kennedy, Senior IPO Strategist at Renaissance Capital, said that executing a deal of this scale could be quite complex but also extremely profitable. Sources said that SpaceX’s IPO is expected to be at least twice the size of Alibaba’s $25 billion IPO in 2014, during which the latter paid $300.4 million in commissions to underwriting banks, about 1.2% of the total deal size. Other large IPOs—such as Meta’s listing in 2012 and Uber’s in 2019—also saw underwriting fee rates slightly above 1%. Calculated at the same rate, the underwriting fees generated by the SpaceX IPO could exceed $500 million. For reference, Goldman Sachs’ total equity underwriting revenue last quarter was $535 million.
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