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SpaceX IPO Fuels Bank Earnings Surge | US News
Description
Wall Street’s second quarter is booming, fueled by the massive SpaceX IPO that’s sent banks into overdrive—Goldman Sachs and Morgan Stanley alone raked in $500M in fees. Trading and M&A advisory revenue are soaring, with global volatility and AI disruption driving record dealmaking. While trading gains may be slightly tempered from Q1’s frenzy, investment banking is hitting multi-year highs, proving mega-IPOs aren’t just headlines—they’re bank vaults.
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