SpaceX claims to have raised over 85,000 million dollars from its historic IPO
Goldman Sachs and Morgan Stanley, two of SpaceX’s IPO underwriters, bought an extra 83.3 million shares of the company’s stock. Increasing the total amount raised to $85.7 billion as of Monday, according to the company.
Before the underwriters used their over-allotment option (often referred to as the «green shoe»). A provision in an IPO that permits underwriting banks to sell more shares than initially planned if there are more buyers than anticipated. SpaceX raised a record 75,000 million dollars on Thursday.
More than $350 billion in demand was reportedly created by the IPO. With institutional investors requesting $250 billion in shares and individual investors requesting the remaining $100 billion.
After rising 19% on their debut last week, SpaceX shares, which were trading for the first time during a full trading session, increased by an additional 7.5% on Monday morning.
Elon Musk first trillionaire in history
With the launch of SpaceX, Elon Musk became the first trillionaire in history. On Monday, his net worth increased by $60.8 billion to an estimated $1.2 trillion.
Musk is by far the richest person in the world, owning over 38% of SpaceX. His fortune is roughly four times more than that of Google co-founder Larry Page ($302,300 million), who comes in second to Sergey Brin ($278,800 million).
On Friday, SpaceX made its eagerly awaited Nasdaq stock market debut, debuting at $150 per share following original estimates of $175. In May, Musk’s business made its initial public offering (IPO) filings public. Stating that it planned to raise $75,000 million by selling roughly 555.6 million shares at a price of $135 each, valuing the business at a record $1.77 trillion.
Following a $4,940 million loss in 2025, SpaceX reported a net loss of $4,280 million through its most recent quarter in the filing. Starlink accounted for almost 69% of the company’s revenue ($4,690 million), and its connectivity division was its only profitable business after its AI and space divisions lost $2,500 million and $619 million, respectively.
Some analysts issued warnings ahead of SpaceX’s IPO, including Morningstar, which argued that SpaceX shares should trade at $63 per share—roughly half of its IPO price—and that SpaceX had overestimated its projected revenue from Starlink.
