SpaceX seeks lower IPO fees from bankers

SpaceX is reportedly negotiating with investment banks to secure significantly reduced fees for its upcoming IPO, aiming for a structure below 0.75%. Despite the lower percentage, the sheer scale of the planned $75 billion offering means Wall Street firms could still earn approximately $500 million. This potential deal highlights the substantial financial windfalls available to banks from large-scale public listings, even with aggressive fee negotiations from issuers like Elon Musk's space and AI conglomerate. Goldman Sachs and Morgan Stanley are expected to lead the offering and capture the largest share of the fees.