--- title: "Why Goldman Sachs Stock Popped on Wednesday" type: "News" locale: "en" url: "https://longbridge.com/en/news/287119018.md" description: "Goldman Sachs' stock rose 5.8% after it was reported that the bank will lead the SpaceX IPO next month, potentially earning over $1 billion in fees shared among 21 banks. This prestigious role enhances Goldman's reputation and could yield significant financial rewards, with fees estimated at 1-2% of the $80 billion SpaceX aims to raise." datetime: "2026-05-20T20:55:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287119018.md) - [en](https://longbridge.com/en/news/287119018.md) - [zh-HK](https://longbridge.com/zh-HK/news/287119018.md) --- # Why Goldman Sachs Stock Popped on Wednesday ## Key Points - WSJ reports that Goldman Sachs will lead the SpaceX IPO next month. - Fees on the IPO could exceed $1 billion and will be shared among 21 underwriting banks. - 10 stocks we like better than Goldman Sachs Group › **Goldman Sachs** (NYSE: GS) stock closed Wednesday trading up 5.8% -- and within a few bucks of $1.000 a share! -- after _The Wall Street Journal_ reported that Goldman will be named the lead underwriter on SpaceX's upcoming mega-IPO in June. Image source: Getty Images. _**Will AI create the world's first trillionaire?** Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. **Continue »**_ ## What the SpaceX IPO means for Goldman Sachs Even for a bank as famous as Goldman Sachs, this is quite a feather in the cap -- a PR coup, and a finger in the eye of archrival **Morgan Stanley** (NYSE: MS) -- which will also be _a_ lead underwriter, albeit it will occupy a less prestigious place on the right side of SpaceX's IPO prospectus. Prestige value aside, it's also going to be richly rewarding for Goldman. According to a MarketWatch report earlier this week, the SpaceX IPO could be "the biggest underwriting payday ever for an IPO in terms of the total dollar amount." ## What the SpaceX IPO means for Goldman Sachs... in dollars and cents Underwriters often receive fees for conducting IPOs ranging from 4% to 7% of the total monies raised -- although the bigger the IPO, the smaller the fee usually is as a percentage. Historically, the very biggest IPOs have tended to yield percentages closer to 1% to 2%. Still, with the $80 billion that SpaceX intends to raise (giving the company a $2 trillion valuation, even a 1% fee would yield $800 million, and a 2% fee, twice that. Granted, Goldman Sachs won't get the whole fee. With 20 other investment banks participating, it will have to be share and share alike. Still, as _the_ lead underwriter, a sizable portion of the fee will go to Goldman. Combine that with top billing on the prospectus, and Goldman investors have reason to cheer today. ## Should you buy stock in Goldman Sachs Group right now? Before you buy stock in Goldman Sachs Group, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Goldman Sachs Group wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $481,750**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,352,457**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 990% — a market-crushing outperformance compared to 206% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** **See the 10 stocks »** _\*Stock Advisor returns as of May 20, 2026._ _Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md) - [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md) - [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [MS.US](https://longbridge.com/en/quote/MS.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [NDAQ.US](https://longbridge.com/en/quote/NDAQ.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [MS-O.US](https://longbridge.com/en/quote/MS-O.US.md) - [MS-Q.US](https://longbridge.com/en/quote/MS-Q.US.md) - [MS-E.US](https://longbridge.com/en/quote/MS-E.US.md) - [MS-I.US](https://longbridge.com/en/quote/MS-I.US.md) - [MS-L.US](https://longbridge.com/en/quote/MS-L.US.md) - [MS-P.US](https://longbridge.com/en/quote/MS-P.US.md) - [MS-A.US](https://longbridge.com/en/quote/MS-A.US.md) - [MS-F.US](https://longbridge.com/en/quote/MS-F.US.md) - [MS-K.US](https://longbridge.com/en/quote/MS-K.US.md) ## Related News & Research - [What Goldman’s lead role in SpaceX’s record-breaking IPO means for investors](https://longbridge.com/en/news/287123542.md) - [Wall Street is set to reap a fee bonanza from the SpaceX IPO that could reach $1 billion](https://longbridge.com/en/news/286781148.md) - [Goldman Sachs grabs the top spot on a SpaceX IPO that could hand banks a record-breaking payday](https://longbridge.com/en/news/287124618.md) - [Elon Musk's SpaceX Picks Goldman Sachs To Lead What Could Be The Biggest IPO Ever: Report](https://longbridge.com/en/news/287012903.md) - [Goldman Sachs set to be named lead left underwriter for SpaceX IPO, source says](https://longbridge.com/en/news/286975906.md)