SpaceX IPO Reaches $85.7 Billion After Underwriters Max Out Shares

Executive Briefing

• Raised total to $85.7 billion after underwriters exercised maximum share purchase option, surpassing initial $75 billion raise
• Allocates approximately $20 billion to retire debt linked to X (Twitter) and xAI, both merged into SpaceX pre-IPO
• Plans remaining proceeds for AI compute infrastructure, launch facilities, and Starlink network expansion
• Debuted on Nasdaq Friday, closing with a $2 trillion valuation and making Elon Musk the world's first trillionaire
• Shares continued climbing Monday, pushing SpaceX past chipmaker TSMC in total market valuation