SpaceX IPO raises $85.7 billion as underwriters exercise …

SpaceX raised $85.7 billion in its IPO, marking the largest offering in history, surpassing Saudi Aramco's previous record. Shares surged 19% on their debut, elevating Musk to the world's first trillionaire. The IPO featured a greenshoe option for stability. Following the listing, shares were up another 6.4% in early trading.

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View from Starbase as the SpaceX IPO launches

Item 1 of 2 A general view of a SpaceX building on the day of the company’s initial public offering (IPO), in Starbase, Texas, U.S., June 12, 2026. REUTERS/Gabriel V. Cardenas

[1/2] A general view of a SpaceX building on the day of the company’s initial public offering (IPO), in Starbase, Texas, U.S., June 12, 2026. REUTERS/Gabriel V. Cardenas Purchase Licensing Rights, opens new tab

June 15 (Reuters) - SpaceX (SPCX.O), opens new tab has raised $85.7 billion in its U.S. initial public offering after underwriters exercised ‌the "greenshoe" option, the rocket, AI and internet company founded by Elon Musk said on Monday.

Shares of SpaceX jumped 19% in their Nasdaq debut on Friday, ⁠lifting the company's market capitalization above $2 trillion and making Musk the world's first trillionaire. The company had priced its offering of 555.56 million shares at $135 apiece.

SpaceX's IPO included a so-called greenshoe option, a standard feature of most large U.S. stock market listings ‌that ⁠acts as a safety valve, helping underwriters support the stock and limit sharp price swings in the weeks after trading begins.

The IPO ⁠dwarfed every stock market listing on record globally, surpassing oil giant Saudi Aramco's 2019 listing, ⁠which had previously held the title of the world's largest IPO.

The stock was ⁠up 6.4% in early trading on Monday, adding to Friday's gains.

Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli

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SpaceX IPO raises $85.7 billion as underwriters exercise 'greenshoe’ option

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