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BlockBeats News, May 21st. According to SpaceX's prospectus filed on Wednesday local time, SpaceX has selected Goldman Sachs to participate in this record-breaking initial public offering (IPO). This transaction will bring substantial financial benefits and is also expected to help SpaceX secure a lead underwriter position in recent high-profile IPOs such as OpenAI and Anthropic. SpaceX's IPO is expected to be the largest in history, with the company's valuation reaching $1.25 trillion in a recent round of mergers and acquisitions. Goldman Sachs will serve as the highly weighty "lead left underwriter" in the IPO prospectus, expected to lead the final share allocation, pricing, and valuation, and receive the largest share of the related underwriting fees. Renaissance Capital's senior IPO strategist Matt Kennedy stated that executing such a large-scale transaction may be quite complex but also extremely lucrative.

Sources indicated that SpaceX's IPO is expected to be at least twice the size of Alibaba's $25 billion IPO in 2014, with the latter paying $300.4 million in commissions to underwriting banks that year, accounting for approximately 1.2% of the total transaction size. Other large IPOs (such as Meta's 2012 listing and Uber's 2019 listing) had underwriting fee rates slightly above 1%. Calculated at the same rate, the underwriting fees generated by the SpaceX IPO could exceed $500 million. For reference, Goldman Sachs' total revenue from stock underwriting business in the previous quarter was $535 million. (Jinse Finance)