SpaceX seeks minimal IPO fees from banks

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.