SpaceX Gains 11% on Second Trading Day as Underwriters Lift IPO to Record $85.7 Billion
SpaceX shares rose about 11% on Monday, their second trading day, pushing the company's market value above $2.3 trillion after the company said underwriters had fully exercised the overallotment option in its record initial public offering. The additional 83.33 million Class A shares lifted gross proceeds to about $85.7 billion from the initial $75 billion, with Goldman Sachs and Morgan Stanley among the banks that had the option to buy the extra stock.
The added sale cements SpaceX's listing as the largest IPO on record and extends the momentum from its June 12 Nasdaq debut, when the stock closed about 19% higher at roughly $161 and valued the rocket maker near $2.1 trillion. Monday's advance added about $210 billion to its market capitalization, keeping SpaceX among the world's most valuable public companies.
From the sources (25 posts)
@ibabCongrats to @elonmusk and $SPCX! “Any man who can hitch the length and breadth of the galaxy, rough it, slum it, struggle against terrible odds, win through, and still knows where his towel is is clearly a man to be reckoned with” - Dougla
@cointelegraph🚨 NEW: The SpaceX IPO is creating thousands of new millionaires, with employees reportedly joining forces to negotiate lower wealth management fees.
@wallstengineElon Musk just became the world’s first trillionaire. Roughly 3.5% of U.S. GDP. His SpaceX stake alone is worth roughly $866B. That is larger than the entire net worth of almost every billionaire on Earth. If Musk were a public company,
@zerohedgeSpaceX Blasts Past $2T, Musk's Wealth Tops Trillion As Record IPO Ignites Space Economy
@cointelegraph🚨 HUGE: SpaceX has become the world’s 6th largest company by market capitalization, reaching a valuation of over $2.2 trillion.
@cityjournalToday, @elonmusk became the world’s first trillionaire. SpaceX’s historic IPO raised nearly $75 billion, resulting in a total valuation of $1.77 trillion and setting the record for the world’s largest stock market debut. The numbers have
@rohanpaul_aiElon Musk rings Nasdaq opening bell from Starbase, Texas "SpaceX is all about: taking the fiction out of science. We want to be able to take anyone who wants to go to the Moon, to Mars, or anywhere in the solar system"
@rohanpaul_aiIT'S OFFICIAL. Elon Musk is the first trillionaire in human history. SpaceX market cap now around $2.14T, and with ~38%–39% Musk stake, his SpaceX stake alone is about $812B–$833B. Elon Musk is around $1.1 trillion right now https://t.co
@coindeskNEW: SpaceX's IPO is expected to create more than 4,400 employee millionaires, including welders, technicians, and factory workers, per Fortune.
@sawyermerrittSpaceX shares have officially closed their first trading day at $160.95, up 19.22% from the IPO price 🚀
@zerohedge*SPACEX SHARES RISE 19% IN TRADING DEBUT AFTER $75 BILLION IPO
@firstsquawkSPACEX SHARES RISE 19% IN TRADING DEBUT AFTER $75 BILLION IPO
@nicksortor🚨 JUST NOW: SpaceX closed out its first day of public trading up ~20%, worth over $2 TRILLION I’m so freaking happy for all the electricians, welders, support staff, and more who are MILLIONAIRES today. They stuck with SpaceX through thic
@afp#BREAKING SpaceX closes 19 percent higher in first day on Wall Street
@ericldaugh🚨 JUST IN: HISTORIC MOMENT as Elon Musk's SpaceX stock SURGES nearly +20% in one day, largest IPO in HISTORY Market cap has SURPASSED $2 trillion MULTIPLE millionaires have just been created at several levels at SpaceX 🔥 History before
@polymarketJUST IN: SpaceX officially closes its first day of trading at a market capitalization of approximately $2,110,000,000,000.00.
@wsjBreaking: SpaceX shares ended their first day up 19%. With a market cap of $2.1 trillion, the rocket maker is now America's 6th most valuable public company.
@techmemeSpaceX closes up 19% at $161.11 in its Nasdaq debut, giving the company a ~$2.1T market cap (@alex_harring / CNBC) (Visit Techmeme dot com for the link and full context!)
@businessSpaceX’s stock market debut made it one of the world’s most valuable public companies, delivered a 19% return for IPO investors and made founder Elon Musk the world’s first trillionaire
@brewmarketsJust In: SpaceX stock climbs 19% in its first day of trading. The company is now valued at $2.1 trillion.
@meghanbobrowskyAnd with that, SpaceX has a bigger market cap than Meta
@yahoofinanceSpaceX closed its first day of trading with a market cap of over $2 trillion.
@saylorCongratulations @ElonMusk and $SPCX on a historic IPO. Thanks to you, 25% of the Mag8 now holds Bitcoin on the balance sheet.
@defiignasCrypto PTSD tells me $SPCX will end up as crypto hyped low-float/high-FDV token launches. Tradfi is at the 'High-FDV is a meme' stage crypto was 2 years ago. But $SPCS can't do 10x at current valuations, especially as unlocks start. Meani
@cryptoroverUNREAL: This man moved from Mexico to the U.S. He worked as a welder at SpaceX for 10 years. He earned $28 per hour and received $10,000 in company stock. After SpaceX’s IPO, his shares are worth around $1 million. He is one of 4,400 e