<div id="readability-page-1"><div> <h2>Key Points</h2><ul><li>WSJ reports that Goldman Sachs will lead the SpaceX IPO next month.</li><li>Fees on the IPO could exceed $1 billion and will be shared among 21 underwriting banks.</li><li>10 stocks we like better than Goldman Sachs Group ›</li></ul>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.<img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MTE0My9jaGFsa2JvYXJkLWRyYXdpbmctb2YtYW4taXBvLWFuZC1hLXJvY2tldHNoaXAtZ29pbmctdXAuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="465" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3MTE0My9jaGFsa2JvYXJkLWRyYXdpbmctb2YtYW4taXBvLWFuZC1hLXJvY2tldHNoaXAtZ29pbmctdXAuanBnJnc9NzAw"/>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 &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. Continue » <h2>What the SpaceX IPO means for Goldman Sachs</h2>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 &#34;the biggest underwriting payday ever for an IPO in terms of the total dollar amount.&#34;<h2>What the SpaceX IPO means for Goldman Sachs... in dollars and cents</h2>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.<h2>Should you buy stock in Goldman Sachs Group right now?</h2> 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&amp;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. </div></div>

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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.

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Why Goldman Sachs Stock Popped on Wednesday