Goldman Sachs achieves enormous profits with a series of AI deals worth $210 billion.
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Three mega-deals in the field of artificial intelligence (AI) announced on October 26 have one thing in common: Goldman Sachs Group Inc. This leading Wall Street bank was co-lead of Meta's $95 billion IPO, acted as sole underwriter for SpaceX's $40 billion chip acquisition, and secured the role of lead underwriter for Anthropic's blockbuster IPO - an event expected to take place on a scale similar to SpaceX's June IPO. This series of mega-deals worth at least $210 billion is a "gold mine" for Goldman Sachs, promising the bank revenues of tens, or even hundreds, of millions of dollars. The fact that Goldman Sachs was able to secure a core position in Anthropic's IPO came as a surprise to many, as Morgan Stanley had previously been the leading provider of the revolving credit facility for the AI company. In the acquisition of Nvidia chips by SpaceX announced on October 26, Goldman Sachs acted as both the architect of the financing structure and a direct investor, providing the financing through its asset management funds. In early June, Goldman Sachs also acted as the lead underwriter in SpaceX's record-breaking IPO, earning $100 million in service fees. Wall Street's financial world is vying to finance the AI boom. Although banks have not yet released details on the fees directly associated with the AI surge, this race for financing has boosted their investment banking...
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