SynopsisElon Musk's SpaceX is aiming to raise approximately $75 billion this month through its initial public offering. The company is reportedly negotiating with underwriting banks to secure fees below 0.75%. Despite this, the banks are still expected to earn around $500 million from this significant listing. This move highlights SpaceX's ambitious financial strategy for its space and AI ventures.Elon Musk's SpaceX is negotiating with banks underwriting its initial public offering to pay fees of less than 0.75% on the roughly $75 billion it aims to raise this month, Bloomberg News reported on Tuesday.The banks are still likely to rake in about $500 million from the record-setting listing of the space and AI conglomerate, the report added, citing people familiar with the matter. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
SpaceX negotiating underwriting fees below 1% for IPO: Report - The Economic Times
Elon Musk's SpaceX is aiming to raise approximately $75 billion this month through its initial public offering. The company is reportedly negotiating with underwriting banks to secure fees below 0.75%. Despite this, the banks are still expected to earn around $500 million from this significant listing. This move highlights SpaceX's ambitious financial strategy for its space and AI ventures.
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