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Mon, 15 Jun 2026

Mon, 15 Jun 2026 SpaceX IPO raised $10bn more than thought

The company's listing raised $87.5bn, compared with the $75bn it was initially thought.

* SpaceX raised $85.7bn in its initial public offering (IPO), exceeding the expected amount by $10.1bn
* This makes it the biggest IPO in history, surpassing the company's initial listing on the New York Nasdaq stock exchange last week
* The "greenshoe" option allowed banks to purchase an additional 83.3 million shares directly from SpaceX to meet high demand
* As a result, Elon Musk became the world's first trillionaire, according to Bloomberg calculations
* SpaceX's valuation now stands at $1.8tn, with shares surging by over 19% on Monday to $192 per share
* Analysts warn that the company's sky-high valuation leaves little room for error and raises questions about its ability to sustain growth amid regulatory scrutiny and competition