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SpaceX IPO raised $10bn more than thought

SpaceX’s IPO now stands at $85.7 billion after underwriters fully exercised the overallotment option, exceeding initial estimates by $10 billion. The stock has surged over 35% since trading began, with retail investors receiving at least one share each. Analysts warn the valuation may face pressure, while Elon Musk’s net worth has hit $1.3 trillion. European retail investors were allocated $600 million in shares during the offering.

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What changed

The total IPO proceeds have been revised upward to $85.7 billion following the greenshoe option, surpassing prior projections by $10 billion.

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  1. SpaceX IPO raises $85.7bn total after underwriters exercise greenshoe; stock jumps 35-40% since debut

    SpaceX’s IPO now stands at $85.7 billion after underwriters fully exercised the overallotment option, exceeding initial estimates by $10 billion. The stock has surged over 35% since trading began, with retail investors receiving at least one share each. Analysts warn the valuation may face pressure, while Elon Musk’s net worth has hit $1.3 trillion. European retail investors were allocated $600 million in shares during the offering.

    What's confirmed:

    • SpaceX’s IPO totaled $85.7 billion after underwriters exercised the full greenshoe overallotment option.
    • The stock price has risen over 35% since its debut, with some reports indicating a 40% gain.
    • Retail investors in the U.S. received at least one share each from the IPO.
    • European retail investors were allocated $600 million in shares during the offering.
    • Elon Musk’s net worth has reached $1.3 trillion following the stock’s surge.
    • The IPO proceeds dwarf those of Meta, AT&T, and Nvidia on their first trading days.
    • Retail investors face a tough decision on whether to hold or sell their limited shares.

    Still unconfirmed:

    • Something significant may unfold for SpaceX within the next 15 days, though specifics remain undisclosed.
    • The company’s $2.1 trillion valuation could become a liability if market expectations are not met.
    confidence 95%