SpaceX is negotiating to pay less than 0.75% in underwriting fees for its planned $75 billion IPO, which could be the largest in history and value the company around $1.8 trillion. Despite the low fee rate, Wall Street banks could still earn about $500 million from the deal, led by Goldman Sachs and Morgan Stanley. The IPO could significantly increase Elon Musk's net worth, potentially pushing it beyond $1 trillion, as he owns roughly 40-45% of SpaceX. This offering comes amid a surge of AI-related IPOs, raising concerns about market demand for multiple mega-deals simultaneously.
Goldman Sachs reported a strong Q2 with revenues up 39% year-over-year, led by a surge in equities trading (+72%) and equity underwriting (+130%) due to market volatility and an AI-driven IPO boom. Their Asset & Wealth Management division also saw $2...
Goldman Sachs reported robust Q2 FY2026 results, with net earnings growing at an annualized rate of 38%. The firm raised $31 billion in private credit and saw a 130% year-over-year surge in equity underwriting revenues, driven by major deals and IPO ...
Anthropic has launched Ode, a $1.5 billion AI implementation company formed through a joint venture with Blackstone, Hellman & Friedman, Goldman Sachs, and others. Ode builds on the acquisition of Fractional AI, focusing on deploying elite AI enginee...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
