SpaceX IPO Drives Wall Street Equity Capital Market Revenue to Highest Level Since 2021

Goldman Sachs leads among major US banks, with its quarterly equity underwriting income reaching $985 million as of June 30, a remarkable 130% year-on-year surge. These banks are benefiting from an active environment for equity-linked offerings and are fiercely competing for more large IPOs that may be priced before the end of this year, including a potential mega-IPO from AI model maker Anthropic.