Goldman Sachs and Morgan Stanley are each expected to earn approximately $100 million in underwriting fees from the SpaceX IPO.

According to a regulatory filing and informed sources, the total underwriting fee for SpaceX's initial public offering is approximately $500 million, accounting for about 0.7% of its $75 billion fundraising target. Lead underwriters Goldman Sachs and Morgan Stanley will take the largest share, together receiving 40% of the fees, or roughly $100 million each. Bank of America, Citigroup, and JPMorgan are each expected to receive about $75 million, while several other banks are expected to receive around $10 million or less each. (Jin Shi)