SpaceX paid Wall Street about $500 million in underwriting fees on its $75 billion listing, near 0.7% of the deal. That ranks among the lowest rates ever for a mega-IPO.

Goldman Sachs and Morgan Stanley led the offering and took the largest cut. Even so, the slim percentage left bankers chasing softer rewards beyond the headline payday.

A Record Raise With a Discount Fee

SpaceX raised $75 billion by selling 555.6 million shares at $135 each. The deal valued the rocket maker near $1.77 trillion at pricing.

The offering surpassed Saudi Aramco’s $29.4 billion sale from 2019. That made it the largest IPO on record by money raised.

Shares jumped about 19% on the first day, closing near $161. By the close, SpaceX carried a market value above $2…