SpaceX negotiating underwriting fees under 0.75% for IPO, Bloomberg News reports

June 2 (Reuters) - Elon Musk's SpaceX is negotiating with banks underwriting its initial public offering to pay ‌fees of less than 0.75% on the roughly $75 ‌billion it aims to raise this month, Bloomberg News reported on Tuesday.

The ​banks are still likely to rake in about $500 million from the record-setting listing of the space and AI conglomerate, the report added, citing people familiar with the matter.

Goldman Sachs, Morgan ‌Stanley, BofA Securities, Citigroup ⁠and J.P. Morgan are the joint book-running managers for the offering, leading a syndicate of ⁠global investment banks underwriting the deal.

The lead banks, Goldman Sachs and Morgan Stanley, are positioned to take in a bigger ​share of ​the fee pool than the ​other 21 brokers involved, ‌the report added.

SpaceX and Morgan Stanley did not immediately respond to a Reuters request for comment. Goldman Sachs declined to comment.

Expected to be the largest stock market debut in history, SpaceX's listing would bring one of the world's most ‌valuable private companies into public markets, ​giving investors direct access to ​businesses spanning space launch ​services, satellite broadband and AI.

The company is ‌expected to raise as much as $75 ​billion at ​a valuation of about $1.75 trillion, Reuters has reported. SpaceX is expected to list its shares as early as ​June 12, with ‌a roadshow launch targeted for June 4.

(Reporting by Manya ​Saini in Bengaluru; additional report by Arasu Kannagi ​Basil; Editing by Shinjini Ganguli)