CNBC6/15/2026Business1 min read
SpaceX IPO Raises $85.7 Billion After Underwriters Exercise Overallotment
Quick Look
- SpaceX's initial public offering has been expanded to $85.7 billion after underwriters exercised their overallotment option.
- The company initially raised $75 billion on Thursday, with the "greenshoe" option significantly boosting the total amount raised.
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Why It Matters
SpaceX, founded by Elon Musk, is a prominent company in space and artificial intelligence. Underwriters typically exercise the overallotment option, known as the "greenshoe," when a stock performs well post-IPO.
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SpaceX underwriters have officially exercised their overallotment of shares in the initial public offering, bringing the total raised to $85.7 billion.
Elon Musk's space and artificial intelligence company raised an initial $75 billion on Thursday.
The overallotment, which is commonly referred to as the "greenshoe," is bigger than almost all tech IPOs on record. Underwriters typically exercise the overallotment when the stock rises.
Open Questions
- What is the specific stock ticker for SpaceX?
- What is the valuation of SpaceX post-IPO?
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This article was originally published by CNBC.
