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Market Chatter: SpaceX Wants to Cut IPO Fees Owed to Wall Street Bankers

MT Newswires Live
Yesterday

SpaceX is in talks with the Wall Street bankers handling its initial public offering to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported Tuesday, citing people with knowledge of the matter.

Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said.

SpaceX, Goldman Sachs, and Morgan Stanley didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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