🚨BREAKING: Elon Musk's SpaceX in talks with banks to cut its IPO fee to below 0.75%, one of the lowest rates in history. For context, most IPOs pay banks 2% to 7% of proceeds. On a $75 billion raise, even a 2% spread would mean $1.5 billion in fees. Below 0.75%, that pool https://t.co/JY0YtbExyM

🚨BREAKING: Elon Musk's SpaceX in talks with banks to cut its IPO fee to below 0.75%, one of the lowest rates in history.

For context, most IPOs pay banks 2% to 7% of proceeds.

On a $75 billion raise, even a 2% spread would mean $1.5 billion in fees.

Below 0.75%, that pool https://t.co/JY0YtbExyM

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