✉news ScienceSpace first seen 15 h ago, last 16 min ago, peak #18
Goldman Sachs Reaps Windfall From Early SpaceX Client Bets
Original: Goldman Reaps Windfall From Cut of Clients’ Early SpaceX Bets
Goldman Sachs is reported to have earned a substantial windfall after taking a cut of clients' early investments in SpaceX, according to Bloomberg. The bank apparently held positions in the rocket company on behalf of wealthy clients, and those stakes have surged in value as SpaceX's valuation has climbed. The report highlights how banks profited from giving clients access to hot private companies like Elon Musk's space venture.
Why now: SpaceX's soaring valuation has made early private-market stakes extremely valuable, putting a spotlight on how banks profited from client access deals.
Goldman SachsSpaceXElon MuskBloomberg
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Evidence
- Goldman Reaps Windfall From Cut of Clients’ Early SpaceX Bets · Bloomberg.com
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