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SpaceX IPO raises total of $85.7 billion as underwriters exercise 'greenshoe' overallotment option

CNBC Monday 15 June 2026, 14:25 UTC 1 min read
Key Points

A video displays Elon Musk, founder of SpaceX, after the company's initial public offering at the Nasdaq MarketSite in New York on June 12, 2026. Michael Nagle | Bloomberg | Getty Images SpaceX underwriters have officially exercised their overallotment of shares in the historic initial public offering, bringing the total raised to $85.7 billion. Elon Musk's space and artificial intelligence company raised an initial $75 billion on Thursday.

A video displays Elon Musk, founder of SpaceX, after the company's initial public offering at the Nasdaq MarketSite in New York on June 12, 2026. Michael Nagle | Bloomberg | Getty Images SpaceX underwriters have officially exercised their overallotment of shares in the historic initial public offering, bringing the total raised to $85.7 billion. Elon Musk's space and artificial intelligence company raised an initial $75 billion on Thursday. The overallotment, which is commonly referred to as the "greenshoe," is bigger than almost all tech IPOs on record. Underwriters typically exercise the overallotment when the stock rises. SpaceX is the biggest IPO ever. After pricing at $135 per share, the stock soared in Friday's debut, climbing 19%.
SpaceX IPO (ORG) Elon Musk (PERSON) SpaceX (ORG) New York (LOCATION) Michael Nagle (PERSON) Bloomberg (ORG) Getty Images SpaceX (ORG) Elon Musk's (PERSON) IPO (ORG)
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