SpaceX IPO raised $10bn more than thought
The company's listing raised $87.5bn, compared with the $75bn it was initially thought.
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Notable Quotes
"Musk told employees will be spent funding a 'significant growth phase'."
— Elon Musk , Executive
"A merger between SpaceX and Tesla might make Elon’s life a little easier."
— Gwynne Shotwell , Executive
"I love the incredible people of SpaceX beyond words."
— Elon Musk , Executive
"Demand significantly outstripped the initial supply. Retail interest was high, but several major funds submitted massive orders, so underwriters wanted to tap the overallotment to satisfy these massive positions."
— Brian Jacobsen , Other
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The company's listing raised $87.5bn, compared with the $75bn it was initially thought.
SpaceX's IPO raised $85.7 billion after underwriters exercised their option to purchase additional shares, up from the initial $75 billion.
An overview of SpaceX's IPO, its market debut, and what investors need to know about the company's public status.
SpaceX's IPO proceeds increased to $85.7 billion after underwriters exercised the 'greenshoe' option to purchase additional shares.
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