Key facts
- SpaceX is negotiating to pay minimal fees to investment banks for its IPO.
- The company aims to pay less than 0.75% on its potential $75 billion IPO.
- Goldman Sachs and Morgan Stanley are positioned to receive a larger share of the fees.
- Banks are projected to earn around $500 million from the IPO.
SpaceX is in negotiations with Wall Street firms, including lead banks Goldman Sachs and Morgan Stanley, regarding the fees for its upcoming initial public offering. The company is aiming for a structure that results in minimal fees, targeting less than 0.75% on its potential $75 billion offering. Despite these efforts to reduce costs, the banks are still projected to earn approximately $500 million from the market debut, which could be one of the largest fee events ever for Wall Street.