via TechCrunch
SpaceX’s Record-Breaking IPO Expands to $85.7 Billion After Full Over-Allotment
SpaceX’s historic initial public offering has grown even larger after underwriters exercised their option to purchase the maximum number of additional shares, bringing the total raised to $85.7 billion. The company, led by Elon Musk, had initially raised $75 billion — already enough to claim the title of the largest IPO windfall in history.
According to a company press release, the full exercise of the over-allotment option pushed the offering past its previous ceiling. The public listing, which took place on the Nasdaq exchange in early 2026, marks a milestone for the aerospace and artificial intelligence firm.
SpaceX has outlined a broad plan for the proceeds, which includes retiring approximately $20 billion in legacy debt associated with X (formerly Twitter) and Musk’s AI company xAI — both of which were consolidated into SpaceX prior to the IPO. Additional funds will be directed toward expanding the company’s AI compute infrastructure, upgrading launch facilities, and enhancing the Starlink satellite network.
Shares began trading on Friday, and by the close of the day, SpaceX achieved a market valuation exceeding $2 trillion, making Musk the world’s first trillionaire. The stock continued to climb on Monday, allowing SpaceX to surpass the valuation of chipmaker TSMC and further cementing its position as one of the most valuable publicly traded companies globally.
As of 2026, the IPO represents a watershed moment for the space industry, signaling strong investor confidence in SpaceX’s dual focus on space exploration and artificial intelligence.