You guys don't understand. Banks like JPMC will make billions on this IPO. Doing everything to prop it
For the sake of a reality check:
IPO is raising approx $75bn of new equity
SpaceX has negotiated substantially below market fee of 0.75%
Total fee pool = ~550mio USD
Fee pool will be split between 23 banks, so average of 23mio per bank, likely skewed heavily towards Goldman Sachs and Morgan Stanley as the lead bookrunners.
Clearly everyone has incentives for spaceX to go up, but important to keep in mind the order of magnitudes we are talking about, the monthly google compute spend in the headline totally eclipses the one off banking fees
I do not know, but I wonder if someone can tally the bankers from twitter buy, twitter merge into xAI and the new spaceX launch.