Macro Finance
SpaceX IPO Lifts Wall Street ECM Revenue to Best Since 2021
Bloomberg Markets·July 15, 2026·1 min read
Wall Street investment banks earned the most revenue from equity offering advisory in Q2 since 2021, driven by SpaceX's record-setting IPO and a fundraising surge for AI infrastructure. The boom marks a high point for ECM activity, fueled by major capital raises in the technology and space sectors. Banks benefited from strong demand for new stock issuances.
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