SpaceX negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports

Reuters

Tue, June 2, 2026 astatine 8:23 AM CDT 1 min read

June 2 (Reuters) - Elon Musk's SpaceX is negotiating with banks underwriting its archetypal nationalist offering to wage ‌fees of little than 0.75% connected the astir $75 ‌billion it aims to rise this month, Bloomberg News reported connected Tuesday.

The ​banks are inactive apt to rake successful astir $500 cardinal from the record-setting listing of the abstraction and AI conglomerate, the study added, citing radical acquainted with the matter.

Goldman Sachs, Morgan ‌Stanley, BofA Securities, Citigroup ⁠and J.P. Morgan are the associated book-running managers for the offering, starring a syndicate of ⁠global concern banks underwriting the deal.

The pb banks, Goldman Sachs and Morgan Stanley, are positioned to instrumentality successful a bigger ​share of ​the interest excavation than the ​other 21 brokers involved, ‌the study added.

SpaceX and Morgan Stanley did not instantly respond to a Reuters petition for comment. Goldman Sachs declined to comment.

Expected to beryllium the largest banal marketplace debut successful history, SpaceX's listing would bring 1 of the world's astir ‌valuable backstage companies into nationalist markets, ​giving investors nonstop entree to ​businesses spanning abstraction motorboat ​services, outer broadband and AI.

The institution is ‌expected to rise arsenic overmuch arsenic $75 ​billion astatine ​a valuation of astir $1.75 trillion, Reuters has reported. SpaceX is expected to database its shares arsenic aboriginal arsenic ​June 12, with ‌a roadshow motorboat targeted for June 4.

(Reporting by Manya ​Saini successful Bengaluru; further study by Arasu Kannagi ​Basil; Editing by Shinjini Ganguli)