SpaceX to pay $0 fees to bankers under rare IPO 'greenshoe' deal

Newly listed SpaceX won't pay any fee if investment banks agree to exercise their ability to sell another 15% of shares, an option known as a "greenshoe", Bloomberg reported. Bankers have 30 days to exercise this option for price stabilisation. This deal deprives lead underwriters like Morgan Stanley and Goldman Sachs of an estimated $75 million in potential extra fees.