ChainCatcher reported that, according to a regulatory filing and people familiar with the matter, the total underwriting fees for SpaceX’s initial public offering are about $500 million. The fee pool represents roughly 0.7% of the company’s $75 billion fundraising amount, based on the figures disclosed in the report.
Goldman Sachs and Morgan Stanley Take the Largest Share
Goldman Sachs and Morgan Stanley, the lead banks on the transaction, will receive the largest portion of the underwriting fees. Together, the two banks are set to take 40% of the total fee pool, which amounts to about $100 million for each institution.
Bank of America, Citigroup and JPMorgan Chase are each expected to receive about $75 million. Several other banks involved in the offering are expected to receive about $10 million each or less. The fee distribution described in the filing and by people familiar with the matter centers on the underwriting arrangements for SpaceX’s first public offering.