SpaceX requests to lower IPO underwriting fees, but investment banks still have the prospect of sharing a $500 million revenue.

Elon Musk's SpaceX is negotiating with Wall Street investment banks handling its IPO, hoping to pay extremely low fees. However, even if the fees are significantly reduced, the bank responsible for the record-breaking IPO is expected to earn about $500 million in revenue. The aerospace and AI group under Musk plans to go public this month with a target fundraising scale of $75 billion. According to sources, the company is currently striving to lower the underwriting fee to below 0.75%. Although this fee is much lower than usual, it is still expected to be one of the most profitable listings in history for the Wall Street banks responsible for arranging this IPO. As the lead underwriters for this IPO, Goldman Sachs and Morgan Stanley are expected to receive a larger share of underwriting fees than the other 21 participating brokerages. Sources say the above figures only reflect the basic underwriting fees paid by SpaceX and do not include any possible additional incentive fees. Since the discussions are not public information, sources requested anonymity. Spokespersons for SpaceX, Goldman Sachs, and Morgan Stanley declined to comment on the matter.