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by owenthejumper 11 days ago
You guys don't understand. Banks like JPMC will make billions on this IPO. Doing everything to prop it
3 comments
talbo888 10 days ago
These sort of numbers are really easy to estimate and it sounds like you haven’t done.

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

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kshacker 11 days ago
Maybe that was the handshake deal from twitter financing, twitter exit and so on. "I will make you whole".

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.

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owenthejumper 11 days ago
Dimon himself is inserting himself https://www.reuters.com/legal/transactional/jpmorgans-dimon-...
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l23k4 10 days ago
Why did you feel the need to post this disinformation? Do you get paid to spread these lies?
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