SpaceX’s stock jumps as the company reveals its IPO has raised another $10.7 billion
Underwriters on the already record-breaking IPO exercised the option to buy another 83 million shares.
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# SpaceX IPO Oversubscription Boosts Valuation SpaceX's stock surged following the underwriters' exercise of their overallotment option to purchase an additional 83 million shares, raising an extra $10.7 billion and bringing the company's total IPO proceeds to record levels. The secondary tranche of shares demonstrates exceptional investor demand and significantly increases SpaceX's capitalization in what has become one of the largest IPOs on record.
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