Elon Musk Squeezes Wall Street on SpaceX IPO Fees
SpaceX is the Walmart of investment banking clients, carrying the ultimate pricing power. While a typical mega-IPO commands fees well over 1%, Musk is pushing SpaceX's fees below 75 basis points. Even with rock-bottom rates, the record-breaking $75 billion deal sizes up to a massive $500 million payday that no major bank can afford to miss.
