SpaceX IPO raises total of $85.7 billion as underwriters exercise 'greenshoe' overallotment option
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SpaceX underwriters have officially exercised their overallotment of shares in the historic initial public offering, bringing the total raised to $85.7 billion, according to an investor relations update out Monday.
Key facts
After pricing at $135 per share, the stock soared in Friday's debut, climbing 19%
Elon Musk 's space and artificial intelligence company raised an initial $75 billion on Thursday, making it the biggest IPO ever
SpaceX's brokers, which include Goldman Sachs and Morgan Stanley, had the option to buy an additional 83.3 million shares as part of the overallotment, which is commonly referred to as the "greenshoe
SpaceX underwriters have officially exercised their overallotment of shares in the historic initial public offering, bringing the total raised to $85.7 billion, according to an investor relations
Summary
Elon Musk 's space and artificial intelligence company raised an initial $75 billion on Thursday, making it the biggest IPO ever. SpaceX's brokers, which include Goldman Sachs and Morgan Stanley, had the option to buy an additional 83.3 million shares as part of the overallotment, which is commonly referred to as the "greenshoe. The additional money raised in the SpaceX overallotment is bigger than almost all tech IPOs on record. SpaceX staff wore green shoes on the trading floor Friday in a nod to the "greenshoe" option, and Musk re-shared a photo on X.