What Goldman’s lead role in SpaceX’s record-breaking IPO means for investors

Goldman Sachs is soaring after securing a key role in SpaceX's historic IPO. Elon Musk 's rocket company has selected the bank for the record-setting public debut, according to a prospectus filed on Wednesday. The deal is a financial windfall that positions Goldman's dealmaking division to potentially win lead roles in other major IPOs expected in the near future, including OpenAI and Anthropic. "This is a huge win for Goldman Sachs and a verification that this Investing Club stock is in pole position for all the big ones," Jim Cramer said. Shares of Goldman rose nearly 6% on Wednesday. SpaceX's IPO is expected to be the largest ever, following a recent acquisition that valued the company at $1.25 trillion . In the highly coveted "lead left" position on the IPO prospectus, Goldman will likely spearhead the ultimate share allocation, pricing, and valuation — and reap the biggest share of the associated fees. Goldman Sachs declined CNBC's request for comment. "It's going to be a big source of revenue," said Jay Ritter, a University of Florida professor known as "Mr. IPO" for his extensive industry research, adding that Goldman will share the proceeds with the other syndicate members: Morgan Stanley , Bank of America , Citigroup , and JPMorgan . Executing a deal of this size can be tricky, according to Matt Kennedy, a senior IPO strategist at Renaissance Capital. "Pricing IPOs is often more art than science. …