SpaceX Tops $2.5 Trillion as Underwriters Lift IPO to Record $85.7 Billion
SpaceX shares climbed 19.6% in their second trading day, lifting the company’s market value above $2.5 trillion for the first time, after underwriters fully exercised an overallotment option that increased gross proceeds from the initial public offering to about $85.7 billion. The option covered an additional 83.3 million Class A shares, taking the total sale to 638.9 million shares.
The company had raised an initial $75 billion on Thursday, with Goldman Sachs and Morgan Stanley among the brokers that had the option to buy the extra stock. The expanded deal marks the largest IPO on record and extends momentum from SpaceX’s debut, when the shares finished about 19% higher and valued the company at roughly $2.1 trillion.
From the sources (25 posts)
@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
@inversebrahRT @boldleonidas: SpaceX IPO
@lex_node@VietnamPenguin they could've just designed it responsibly in the first place--for example, to lock up the tokens on IPO since the underlying shares are locked, or set up an arb system. obviously any design that allows this to happen is bad
@cointelegraph🚨 JUST IN: Trust Wallet will add support for SPCXB, a tokenized version of SpaceX stock on BNB Chain.
@arkhamSpaceX is now the 7th largest company in the world. SpaceX holds $1.19B of Bitcoin. $SPCX IS BULLISH ON $BTC
@degeneratenewsNEW: @Backpack'S TOKENIZED $SPCX SURPASSES $35M 24H VOLUME, LEADS TOKENIZED STOCK VOLUME ON @solana 24H AFTER $SPCX'S @Nasdaq DEBUT RECORDS 5X+ VOLUME OF NEXT $SPCX CONTENDER, 2ND IN LIQUIDITY AMONG TOKENIZED STOCKS @Backpack CEO @armanif
@lex_node@VietnamPenguin they could also do things to actually prove that they truly own the shares, which would likely reduce panic as well in crypto, when something seemingly stupid happens, it's hard not to assume malice--when considering the a
@degeneratenewsNEW: $SPCX PERP ON @HyperliquidX NOW HAS ~28% HIGHER OPEN INTEREST THAN @binance SOURCE:
@lex_node@fabrizio_builds the tokenholders have no rights or transparency, they cannot verify if anything is actually held etc, they do not actually have a right to any shares and just have to hope the team is incentive-aligned enough or scared enou
@lex_node@fabrizio_builds this would not be happening if the lockup terms had been disclosed to holders in advance and/or people were confident the shares will actually be there for redemption when the time comes, or if there were any kind of plan t