Why Goldman Sachs Stock Popped on Wednesday
Goldman Sachs (NYSE: GS) stock closed Wednesday trading up 5.8% -- and within a few bucks of $1.000 a share! -- after The Wall Street Journal reported that Goldman will be named the lead underwriter on SpaceX's upcoming mega-IPO in June.
Image source: Getty Images.
Even for a bank as famous as Goldman Sachs, this is quite a feather in the cap -- a PR coup, and a finger in the eye of archrival Morgan Stanley (NYSE: MS) -- which will also be a lead underwriter, albeit it will occupy a less prestigious place on the right side of SpaceX's IPO prospectus.
Source Fool.com
