SpaceX 'Wears Green Shoes' to Raise $85.7 Billion in Oversubscribed IPO, Stock Surges Over 40% in Two Days

(Taipei, New York, June 15 — Correspondent Liao Han-yuan) U.S. space exploration technology company SpaceX announced today that underwriters have exercised the 'greenshoe option,' raising about $85.7 billion in its IPO on the 12th, surpassing the originally planned scale. Investors continued to flock to SpaceX today, driving the stock price up nearly 20%, with a two-day cumulative gain exceeding 40%.

SpaceX debuted on the Nasdaq Stock Exchange on June 12, Eastern Time, attracting global investor and media attention, closing the day up about 20%. SpaceX released a press statement today confirming total shares issued exceeded 638.88 million, including 83.33 million additional shares issued through the underwriters exercising the IPO over-allotment clause, resulting in a total fundraising amount of approximately $85.7 billion.

This fundraising amount is about 14% higher than the originally planned $75 billion, making it the largest IPO in history.

Global investors are embracing SpaceX’s vision of space and artificial intelligence, leading to oversubscription and the exercise of the 'greenshoe option' (Greenshoe) by underwriters. When a newly listed company’s trading price exceeds its offering price, underwriting banks or brokers may sell more shares than originally planned under contract terms. The over-allotment typically does not exceed 15% of the original fundraising target.

SpaceX founder and CEO Elon Musk posted a photo on social media X on the listing day showing employees from underwriter Morgan Stanley wearing 'green shoes,' which garnered over 2 million views.

Post-listing, SpaceX plans to significantly expand its Starlink low-orbit satellite network, establish an AI database in space, and accelerate commercial rocket flight operations. According to financial channel CNBC, SpaceX’s market capitalization exceeds $2 trillion, 112 times its revenue from the previous year.

On its second trading day after listing, SpaceX’s stock rose to $192.50, a 19.60% increase, bringing the cumulative gain from its listing price to 42.59%. (Editor: Tang Sheng-yang) 1150616

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