
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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3 stories on nasdaq, across Business.

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.

A sharp reversal in semiconductor stocks on Friday sent the Nasdaq to its worst day in over a year amid AI spending concerns and rising interest rate fears.