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 Asset Management's ETF platform surpassed $100 billion in assets just two months after acquiring Innovator Capital Management. The growth is driven by demand for active ETFs, especially defined outcome and derivative income ETFs, which ...
Goldman Sachs CEO David Solomon stated that there is plenty of liquidity in the market to support large equity offerings from AI firms like OpenAI, Anthropic, and SpaceX. He noted that investors are currently driven more by greed than fear, as eviden...
