How strong is the demand for SpaceX (SPCX.US) IPO? Subscriptions are oversubscribed, free commissions for "greenshoe", options expected to be hot next week!

Wisdom Finance APP learned that last Friday witnessed a historic moment in the global capital markets. SpaceX, the rocket, satellite, and artificial intelligence giant owned by Elon Musk, was officially listed on the Nasdaq. On the first day of trading, the price of SPCX soared from the IPO price of $135 to $175 at one point, eventually stabilizing around $161, closing up more than 19% for the day. In this frenzy of wealth, however, is a game of extreme pricing power by Musk against top Wall Street investment banks. Details of a rare underwriting agreement have leaked out: Investment banks such as Goldman Sachs and Morgan Stanley not only accepted an unprecedentedly low base fee, but also agreed to zero fees during the "greenshoe option" in the billions.