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

CNBC June 15, 2026 4 views

The SpaceX IPO raised a total of $85.7 billion after underwriters exercised the "greenshoe" overallotment.
The overallotment, which is commonly referred to as the "greenshoe," is bigger than almost all tech IPOs on record.
SpaceX had a set price of $135 per share in the offering.

SpaceX's brokers, which include Goldman Sachs and Morgan Stanley, had the option to buy an additional 83.3 million shares as part of the overallotment.
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%. The stock closed at around $161, pushing the company's valuation past $2 trillion.
Shares of
SpaceX continued to climb on Monday, jumping more than 6% in their first full day of trading.
Musk told employees gathered at SpaceX's Starbase headquarters in Texas on Friday that he wanted to take the company public now to raise capital for "a significant growth phase."
— CNBC's Annie Palmer contributed reporting.
<small>Source: CNBC</small>

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