SpaceX's IPO has officially raised $85.7 billion, surpassing the initial $75 billion raised on its launch day. The underwriters exercised the overallotment option, known as the 'greenshoe,' allowing them to purchase an additional 83.3 million shares. This move is indicative of strong market confidence, as overallotments are typically exercised when a stock performs well post-IPO.
SpaceX's shares debuted at $135 and saw a significant increase of 19% on the first day of trading. This IPO is now the largest in history, surpassing previous tech IPOs, which underscores the growing interest in space and artificial intelligence sectors led by Elon Musk's company