A video shows Elon Musk, founding father of SpaceX, after the corporate’s preliminary public providing on the Nasdaq MarketSite in New York on June 12, 2026.
Michael Nagle | Bloomberg | Getty Photographs
SpaceX underwriters have formally exercised their overallotment of shares within the preliminary public providing, bringing the entire raised to $85.7 billion.
Elon Musk’s house and synthetic intelligence firm raised an preliminary $75 billion on Thursday.
The overallotment, which is often known as the “greenshoe,” is greater than nearly all tech IPOs on report. Underwriters sometimes train the overallotment when the inventory rises.
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