SpaceX IPO raised $10bn more than thought

Live updates

1. 15d ago

   SpaceX IPO valuation jumps $10bn higher than expected, shares surge past Amazon

   SpaceX’s IPO now stands at $85.7 billion after underwriters exercised the overallotment option, exceeding initial targets by $10 billion. The stock price has climbed over 35% since trading began, with retail investors receiving at least one share each. Analysts flag potential valuation pressure, while Elon Musk’s wealth has reportedly hit $1.3 trillion. European retail investors were allocated $600 million in shares during the offering.

   What's confirmed:

   • SpaceX raised $85.7 billion in its IPO, $10 billion more than initially planned, after underwriters fully exercised the overallotment option.
   • The stock price has surged over 35% since trading commenced, with retail investors receiving at least one share each.
   • European retail investors were allocated $600 million in shares during the offering.
   • SpaceX shares briefly traded above Amazon’s market valuation, reaching $220 per share on Tuesday.
   • Elon Musk’s net worth has reportedly reached $1.3 trillion following the IPO.

   Still unconfirmed:

   • Analysts warn the valuation may face pressure, though no specific triggers or timelines are confirmed.
   confidence 95%
2. 16d ago

   SpaceX IPO raises $85.7bn total after underwriters exercise greenshoe; stock jumps 35-40% since debut

   SpaceX’s IPO now stands at $85.7 billion after underwriters fully exercised the overallotment option, exceeding initial estimates by $10 billion. The stock has surged over 35% since trading began, with retail investors receiving at least one share each. Analysts warn the valuation may face pressure, while Elon Musk’s net worth has hit $1.3 trillion. European retail investors were allocated $600 million in shares during the offering.

   What's confirmed:

   • SpaceX’s IPO totaled $85.7 billion after underwriters exercised the full greenshoe overallotment option.
   • The stock price has risen over 35% since its debut, with some reports indicating a 40% gain.
   • Retail investors in the U.S. received at least one share each from the IPO.
   • European retail investors were allocated $600 million in shares during the offering.
   • Elon Musk’s net worth has reached $1.3 trillion following the stock’s surge.
   • The IPO proceeds dwarf those of Meta, AT&T, and Nvidia on their first trading days.
   • Retail investors face a tough decision on whether to hold or sell their limited shares.

   Still unconfirmed:

   • Something significant may unfold for SpaceX within the next 15 days, though specifics remain undisclosed.
   • The company’s $2.1 trillion valuation could become a liability if market expectations are not met.
   confidence 95%