Bloomberg: SpaceX IPO Becomes Goldman Sachs' "Multiple-Fee" Feast, Advisor Fees Bring in Roughly $100 Million as Client Cash-Outs Further Contribute Hundreds of Millions in Incentive Fees

According to Bloomberg, Goldman Sachs earned hundreds of millions of dollars in incentive fees by helping clients make early investments in SpaceX ahead of its listing this June at a $1.77 trillion valuation. Insiders revealed that more than five years ago, Goldman Sachs had already assisted select high-net-worth clients in investing in SpaceX, when the company's valuation was only tens of billions of dollars. Following SpaceX's listing, Goldman Sachs clients who sold their shares realized massive gains, while simultaneously generating hundreds of millions of dollars in incentive fees for Goldman Sachs.