
Business
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.
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The record-breaking initial public offering grew after underwriters purchased an additional 83.3 million shares to meet investor demand.

The aerospace company's record-breaking public listing has propelled founder Elon Musk into uncharted financial territory as the first person to reach a trillion-dollar net worth.

The rocket company is preparing for what is expected to be the largest initial public offering in history, with a roadshow slated to begin June 4.

The rocket and satellite company's S-1 filing includes 36 pages of risk factors and a valuation target that could make it one of the largest IPOs in U.S. history.