SpaceX IPO Paid Wall Street $100 Million: Will It’s First Earnings Repay Investors?

SpaceX earnings land Tuesday, August 4, marking the first since the company went public. The June listing already paid Morgan Stanley bankers about $100 million in fees.

That fee was the small part. IPOs led by SpaceX sent more than $74 billion to the bank's wealth arm. Now SpaceX has to show the numbers behind it.

How the SpaceX IPO Built Morgan Stanley's $10 Trillion Quarter

SpaceX sold 555,555,555 shares at $135 each on June 11. That raised $75 billion. It is the biggest IPO ever, more than double the $29.4 billion Saudi Aramco raised in 2019.

Ten banks ran the deal. Goldman Sachs, Morgan Stanley, BofA Securities, Citigroup and J.P. Morgan led them. They all shared the fee pool.

Only one of those banks also ran SpaceX employee stock plans. That is what set Morgan Stanley apart.

Here is why it matters. When staff get rich on IPO day, the money lands wherever their stock plan already lives.

Morgan Stanley's wealth arm took in $148.1 billion of new client money last quarter. A year ago the figure was $59.2 billion.

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