SpaceX IPO Total Rises to $85.7 Billion as Underwriters Exercise Option
The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.
Record-Breaking Capital Raise
SpaceX has raised a total of $85.7 billion in its initial public offering (IPO), according to company announcements and financial reports. The final figure represents an increase from the initial $75 billion target after underwriters maxed out their share purchases.
The growth in total funds raised occurred because the banks managing the debut exercised a "greenshoe" overallotment option. This mechanism allowed brokers, including Goldman Sachs and Morgan Stanley, to purchase an additional 83.3 million SpaceX shares to match strong investor demand.
IPO Terms and Valuation
The offering featured a set price of $135 per share. According to Securities and Exchange Commission filings, the company initially sold 555.6 million shares at that price point.
At the time of the offering, the deal valued SpaceX at approximately $1.77 trillion. This valuation placed the rocket company as the seventh most-valuable U.S. company, ranking ahead of Elon Musk's other venture, Tesla. Following a jump in share price on Friday, the company's market capitalization rose above $2 trillion.
Market Impact and Comparison
The SpaceX IPO has become the largest global IPO in history. It surpassed the previous record held by Saudi Aramco, which raised nearly $26 billion when the state-owned oil company went public in 2019.
Investor interest was significant prior to the debut; Bloomberg reported that the IPO received more than $100 billion in retail orders. SpaceX began trading on the Nasdaq under the ticker symbol "SPCX" on June 12, 2026. The stock opened at $150 per share, which is above the $141-per-share level required to push CEO Elon Musk's net worth past $1 trillion.
Planned Use of Funds
In filings with the Securities and Exchange Commission, SpaceX outlined specific goals for the newly raised capital. The company stated it intends to expand its satellite communications business and its flagship rocket operations. Additionally, the company indicated a pivot toward further growth in these sectors.
Sources (8)Open
- 1.TechCrunch — SpaceX’s biggest-ever IPO just grew to $85.7 billion raised
- 2.Cnbc — SpaceX IPO raises total of $85.7 billion as underwriters exercise 'greenshoe' overallotment option - CNBC
- 3.Forbes — SpaceX Says Historic IPO Raised More Than $85 Billion - Forbes
- 4.Cbsnews — SpaceX set to begin trading after raising $75 billion in record IPO - CBS News
- 5.Businessinsider — SpaceX broke the record for the largest IPO ever. Here are 10 public offerings it dwarfed. - Business Insider
- 6.Businessinsider — SpaceX is set to add another $100 billion to its value on its first full trading day - Business Insider
- 7.Cnbc — SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits - CNBC
- 8.Ualrpublicradio — It's SpaceX's first day on the stock market - Little Rock Public Radio
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How NewsNews AI made this storyOpen
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From the editor
Verified all key claims against source snippets. The $85.7 billion total, greenshoe mechanism, 83.3 million additional shares, $135 share price, 555.6 million initial shares, $1.77 trillion valuation, Saudi Aramco comparison (~$26 billion in 2019), $100 billion retail orders, SPCX ticker, $150 opening price, $141 Musk trillionaire threshold, and planned use of funds are all directly supported by the cited snippets. Multi-source corroboration is present throughout. No fabricated quotes, no contradictions, no unsupported claims detected.
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