Goldman Sachs

Money Moves

Heads syndicate of 23 banks running the offering

SPCX opened at $150 on June 12 and closed at $161, up 19%, putting SpaceX at roughly $2.1 trillion on its first day. Options began trading June 16 with 1.72 million contracts and $2.48 billion in premium on day one. The stock hit $225.64 that session, 67% above the offer price, before a 31% four-day pullback brought shares to $147.11 intraday on June 23.

Updated 7 days ago

Money Moves

Early backer and IPO underwriter

Go Inc. runs the most-used taxi app in Japan. On June 16, 2026, it sold shares to the public for the first time and raised about 88.6 billion yen, roughly $552 million. Shares jumped as much as 23% on day one.

Updated Jun 16

Money Moves

New investor in Prometheus $12 billion Series B

Prometheus, the AI startup co-founded by Jeff Bezos and Vik Bajaj in November 2025, emerged from stealth on June 11, 2026. The company announced a $12 billion Series B at a $41 billion valuation, backed by Goldman Sachs, BlackRock, JPMorgan, DST Global, and Arch Venture Partners. Total capital raised across three rounds now exceeds $28 billion — all in seven months.

Updated Jun 12

Money Moves

Posted record equities trading revenue in Q1 2026

The six largest American banks wrapped up first-quarter 2026 reporting with combined net income of $47.3 billion, with trading floors thriving on Iran war volatility even as the outlook darkened. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion, while Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share, its highest in nearly two decades. Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The banks announced roughly 5,000 job cuts, using the profit windfall to trim headcount rather than expand.

Updated May 31

Money Moves

Bullish on gold, raising forecasts

Gold pulled back sharply to $4,902.85 per ounce on January 31, 2026, after profit-taking triggered a 9% single-day decline on January 30 from the record $5,594.82 high reached January 29. Despite the correction—which saw prices slide more than 7% to below $4,980—gold remains on track for a monthly gain exceeding 15%, its strongest performance since the 1980s.

Updated May 21