SpaceX Final IPO Tally Shifts Upward to $85.7 Billion
Underwriters purchased an additional 83 million shares
WASHINGTON, June 17, 2026 — SpaceX has officially raised a total of $85.7 billion in its initial public offering, according to a company press release.
SpaceX underwriters exercised the "greenshoe" or over-allotment option to purchase additional shares on Monday, increasing the total proceeds from its initial public offering to $85.7 billion, Reuters reported. SpaceX’s IPO was expected to raise $75 billion.
The mechanism allowed underwriters at Morgan Stanley, Goldman Sachs, and other banks to purchase an additional 15 percent of SpaceX’s stock at the IPO price of $135 a share. The banks then sold the shares on the open market, treating them as a safety valve in case of unexpectedly high demand.
Even before the over-allotment option, SpaceX’s IPO had climbed to be the largest IPO in history, making founder Elon Musk a trillionaire. SpaceX’s market valuation is about $2.5 trillion.
SpaceX announced Tuesday the purchase of “vibe coding” startup Cursor for $60 billion. The acquisition is designed to help xAI compete with Anthropic and OpenAI, which have confidentially filed for IPOs in recent weeks.
