Goldman Displays SpaceX Rockets in Lobby as 2 Banks Spar Over IPO Lead Role
Updated
Updated · Bloomberg · Jun 4
Goldman Displays SpaceX Rockets in Lobby as 2 Banks Spar Over IPO Lead Role
2 articles · Updated · Bloomberg · Jun 4
Summary
Silver rocket models resembling SpaceX’s Starship appeared in Goldman Sachs’ lobby, with one display declaring the bank is “lead left bookrunner” on the company’s IPO.
The display followed Morgan Stanley’s note to clients asserting it is co-lead on the deal and saying the banks’ listing order was alphabetical, sharpening the rivalry over credit.
Goldman had already secured top billing for the SpaceX IPO, making the lobby installation a public signal that it intends to defend that status.
The episode highlights how fiercely Wall Street banks compete for prestige on marquee listings, even after underwriting roles are assigned.