Odaily, citing Jinshi, reported that according to a regulatory filing and people familiar with the matter, the total underwriting fees for SpaceX’s initial public offering amount to about $500 million. That figure represents roughly 0.7% of the company’s $75 billion fundraising size, according to the information cited in the report.
Goldman Sachs and Morgan Stanley, the lead banks on the offering, are expected to receive the largest portion of the fee pool. Together, the two firms will take 40% of the total underwriting fees, which translates to about $100 million for each bank based on the approximately $500 million total.
Bank of America, Citigroup and JPMorgan Chase are each expected to receive around $75 million. Several other participating banks are expected to receive about $10 million or less each. The fee allocation described in the filing and by people familiar with the matter shows a tiered distribution among the major banks involved in the SpaceX IPO underwriting process.