- SpaceX shares shot 20% higher Monday as the company said it raised a record-breaking $85.7 billion.
- The stock climbed 19.7% in Monday trading to $192.8, extending Friday's 19% gain after the shares first started trading on the Nasdaq at $135.
- SpaceX ended up selling nearly 639 million shares, including more than 83 million extra ones, lifting the total raised to $85.7 billion beyond the originally planned $75 billion.
- The two-day surge sent the company's market value to more than $2.5 trillion, putting it among the six largest companies in the world: ahead of Broadcom, Saudi Aramco and Tesla and just behind Amazon.
- Demand for SpaceX's shares was so strong that the banks running the sale exercised a so-called greenshoe option.
SpaceX's recent fundraising success has sent its shares soaring, with a remarkable 20% increase on Monday alone. The company raised $85.7 billion, surpassing its initial target of $75 billion, by selling nearly 639 million shares, including over 83 million extra shares.13
This surge in demand was so significant that the banks managing the sale opted to exercise a greenshoe option, allowing them to sell additional shares to meet investor interest.5
The stock's climb to $192.8 reflects a continuation of its upward trajectory, following a 19% gain on Friday after its debut on the Nasdaq at $135.2
As a result of this two-day rally, SpaceX's market value has skyrocketed to over $2.5 trillion, placing it among the six largest companies globally, ahead of industry giants like Broadcom, Saudi Aramco, and Tesla, and just behind Amazon.4
This unprecedented growth highlights the strong investor confidence in SpaceX's future prospects and its pivotal role in the aerospace industry.
“SpaceX shares surged 20% as the company raised a record-breaking $85.7 billion, selling nearly 639 million shares. The two-day surge increased its market value to over $2.5 trillion, ranking it among the six largest companies globally.”
