How much will Goldman Sachs and Morgan Stanley earn from the IPO fees?

Goldman Sachs and Morgan Stanley will each earn about $100 million, representing 40% of the total fees.

What is the lead banks' share of the IPO fees?

The lead banks collectively receive 40% of the total fee pool of $500 million.

Goldman, Morgan Stanley to Pocket $100M Each in SpaceX IPO Fees

Goldman Sachs and Morgan Stanley will each earn about $100 million from SpaceX's IPO fee pool of $500 million, representing 40% of total fees.

June 12, 2026

2 min read

Source: The Wall Street Journal

Key Numbers

total fee pool

500M

fee percentage

0.7%

total raised

75B

lead banks share

40%

each bank fee

100M

IPO Fee Details

According to a report from The Wall Street Journal, Goldman Sachs (GS) and Morgan Stanley (MS) are expected to receive approximately $100 million each in underwriting fees for the upcoming initial public offering (IPO) of SpaceX. This comes as the private space company prepares to list its shares on the stock exchange.

The total fee pool for the IPO is around $500 million, or 0.7% of the $75 billion SpaceX aims to raise, according to a regulatory filing and people familiar with the matter. The lead banks will take the lion's share, with the two banks collectively receiving 40% of the total fees.

Context

SpaceX is one of the most valuable private companies globally, and its IPO is one of the most anticipated in recent years. It is expected to attract significant interest from institutional and retail investors.

What This Means for Investors

The substantial fees earned by major investment banks like Goldman Sachs and Morgan Stanley highlight the size and importance of the deal. For investors, this may signal strong demand for SpaceX shares, potentially leading to positive stock performance in early trading. However, the high valuation and risks associated with the space sector should be considered.

Frequently Asked Questions

The total fee pool is approximately $500 million, or 0.7% of the $75 billion SpaceX aims to raise.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.