SpaceX negotiating underwriting fees below 1% for IPO: Report
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.
