Gibson, Dunn & Crutcher is steering SpaceX through what has become the largest stock market debut ever, while Davis Polk & Wardwell is guiding the underwriting banks led by Goldman Sachs. Reports from Bloomberg indicate that SpaceX has committed to $25.5 million in legal costs in its amended S-1 — a figure that dwarfs the typical IPO legal spend, though it's broadly in line with what other mega-deals have paid out.
For context, the largest US IPO of 2025, Medline's $6.3 billion listing advised by Simpson Thacher & Bartlett, generated $25.2 million in legal fees and expenses, while Cerebras Systems' $5.5 billion IPO, handled by Latham & Watkins, racked up $4.1 million.
SpaceX's number sits almost exactly where Medline landed except SpaceX is aiming for a deal roughly twelve times the size.
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