The massive influx of capital arrives as SpaceX integrates its broader corporate portfolio, including the debt obligations of social media platform X and the AI venture xAI. According to company statements, approximately $20 billion of the proceeds will be allocated to clearing legacy loans tied to these entities. The remaining funds are earmarked for aggressive expansion, specifically targeting AI compute infrastructure, launch site capabilities, and the continued scaling of the Starlink satellite network.
SpaceX IPO haul hits $85.7 billion after underwriter expansion
Underwriters have exercised their full option to acquire additional shares, pushing the total capital raised by SpaceX to a record-breaking $85.7 billion. This surge follows an initial offering of $75 billion, further cementing the company's position as the largest IPO windfall in financial history.
Since debuting on the Nasdaq last Friday, the company’s market trajectory has been aggressive. SpaceX closed its first day of trading with a valuation exceeding $2 trillion, a milestone that propelled Elon Musk to become the world’s first trillionaire. The momentum persisted through Monday’s session, where gains allowed the company to surpass the market valuation of semiconductor giant TSMC.
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