Goldman Sachs CEO David Solomon Addresses Interns on Innovation Supercycle and SpaceX IPO

Goldman Sachs CEO David Solomon released his annual welcome letter to the firm's summer interns on June 12, 2026. The 2026 intern class comprises approximately 2,500 individuals, a slight decrease from the previous year's 2,600, with an acceptance rate reported at less than 1%. Interns commenced their programs on either June 1 or June 8.

In his letter, Solomon encouraged interns to "manage their energy" during what he characterized as an "innovation supercycle" in financial services. He noted that this period presents a unique environment for those entering the industry and the firm.

Solomon highlighted a significant financial event: Goldman Sachs' role as the lead left bookrunner for SpaceX's $75 billion IPO. He described this as the largest IPO ever brought to market and a testament to the firm's long tradition of supporting clients' strategic objectives.

The CEO also pointed to broader market trends, including global M&A volumes exceeding $2.6 trillion for the year, driven by AI and strategic consolidation, and trading volumes reaching all-time highs amidst various risk events. Dan Dees, co-head of global banking and markets, echoed this sentiment during an intern orientation, remarking on the "staggering" ambition of clients and the rapid pace of change.

Solomon emphasized Goldman Sachs' commitment to acting with integrity and agility, partnering effectively, and maintaining a broader perspective to manage risk and prioritize clients' and the firm's long-term interests.

According to Business Insider, Solomon has sent a similar welcome note to interns every year since 2019.