SpaceX has completed the largest initial public offering (IPO) in history, raising a total of $85.7 billion after underwriters exercised their overallotment, or "greenshoe," option. The company initially raised $75 billion, with an addit
TDT | Manama
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SpaceX has completed the largest initial public offering (IPO) in history, raising a total of $85.7 billion after underwriters exercised their overallotment, or “greenshoe,” option. The company initially raised $75 billion, with an additional 83.3 million shares purchased by underwriters, including Goldman Sachs and Morgan Stanley.
The stock, priced at $135 per share, surged 19 percent on its market debut and continued rising on Monday, pushing SpaceX’s valuation above $2 trillion. CEO Elon Musk said the funds would support a major growth phase for the company.
A significant portion of the capital is expected to be invested in the development of Starship, SpaceX’s fully reusable rocket system, and the expansion of its Starlink satellite internet network. The company also plans to pursue ambitious projects such as orbital AI data centers and a large semiconductor manufacturing facility in Texas.
Despite reporting a $4.9 billion loss last year, investors remain highly optimistic about SpaceX’s future.
