GS is trading 3.5% up at $961.10 after being named lead underwriter for the upcoming SpaceX IPO, which is targeting a record valuation near $1.75 trillion.
- The deal is expected to generate up to $75 billion in proceeds, significantly boosting expectations for future underwriting fees and deal flow.
- The stock is outperforming major indices (up 0.6–1.0%), suggesting the price action is primarily driven by this prestigious company-specific catalyst.