Five major investment banks in the United States are expected to record a four-and-a-half-year high in transaction fee income in the second quarter, with SpaceX's IPO being the main reason

According to Bloomberg data, the five major investment banks in the United States are expected to generate transaction fees of $11.1 billion in the second quarter of 2026, a year-on-year increase of 27% and a new high since 2021. SpaceX's IPO contributed approximately $500 million in handling fees to 23 underwriting investment banks, with Goldman Sachs and Morgan Stanley each receiving approximately $100 million. The transaction fees for mergers and acquisitions of the five major investment banks are expected to increase by about 30% year-on-year, reaching over 4 billion US dollars. According to the Financial Times, plans for major tech companies such as SpaceX, OpenAI, and Anthropic to go public are driving growth in Wall Street's investment banking business.