According to an overseas media report cited by ChainCatcher, Goldman Sachs bankers made substantial commissions while handling SpaceX’s IPO-related business. The report said Goldman had helped high-net-worth clients invest in SpaceX five years earlier, when the company was valued at only tens of billions of dollars. After SpaceX later went public at a $1.77 trillion valuation, clients who sold shares booked large gains. Goldman, in turn, collected hundreds of millions of dollars in commissions from those transactions. The report focuses on the bank’s role in arranging early access for wealthy clients and then benefiting again when those holdings were monetized after the listing.
ChainCatcher, citing foreign media, reported that Goldman Sachs bankers earned substantial commissions from work tied to SpaceX’s IPO.
The report said that five years earlier, when SpaceX was valued at only tens of billions of dollars, Goldman helped high-net-worth clients invest in the company. After SpaceX later went public at a $1.77 trillion valuation, clients who sold their shares made large profits and paid Goldman hundreds of millions of dollars in commissions.
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