SpaceX (SPCX) IPO raises $85.7B with overallotment option exercised
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowSpaceX (SPCX) raised a total of $85.7 billion in its IPO after underwriters exercised their overallotment option. Initially, the company raised $75 billion, marking the largest IPO in history. The stock debuted at $135 per share and rose 19% on its first day, closing at around $161, leading to a valuation of over $2 trillion. With additional funds, SpaceX plans to advance its Starship rockets and develop orbital data centers to support AI, despite recording a $4.9 billion loss last year and a total of $41 billion in losses since inception.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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