Goldman Sachs said it had advised on more than $1 trillion of announced mergers and acquisitions so far in 2026, citing Dealogic data in a LinkedIn post, a record pace for any investment bank within a half-year period.
SPACEX LISTING AND FEES
The milestone came as Goldman acted as lead left underwriter on SpaceX's initial public offering; the Elon Musk company went public in New York on 12 June, Reuters reported.
Goldman's investment banking fees rose to $2.84 billion in the first quarter, a 48% jump from a year earlier.
MARKET BACKDROP
In a separate post, chief executive David Solomon said: "With global M&A volumes already exceeding $2.6 trillion this year as AI and strategic consolidation reshape entire industries, as well as trading volumes reaching all-time highs as clients navigate a range of risk events, we are operating in an innovation supercycle."
Wall Street executives had expected a strong year for M&A despite uncertainty from the Middle East conflict, citing a softer regulatory environment under US President Donald Trump and growing momentum in AI, Reuters reported.
Sources: Reuters
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