All articles tagged with #greenshoe
SpaceX closed at $148, a second straight day below its $150 debut, after being added to the Nasdaq-100 which forced index funds to own shares. The company’s IPO raised $85.7 billion with a greenshoe option; SpaceX had previously peaked near $202 after debut. Analysts remain broadly bullish on SpaceX’s reusable rocket tech, Starlink, and potential AI ventures, even as a minority stay neutral or cautious.
SpaceX’s Nasdaq debut raised $85.7 billion after underwriters exercised a greenshoe option for an extra $10 billion, topping the initially planned $75 billion and making it the largest IPO in history. Shares opened around $135 and climbed about 14% to roughly $184 on the first full trading day, valuing SpaceX at about $1.8 trillion and pushing Elon Musk toward trillionaire status according to Bloomberg, though that status depends on market performance amid regulatory scrutiny and growing competition in commercial space.
SpaceX is targeting a $1.75 trillion valuation for its upcoming IPO, including a greenshoe option to sell additional shares and aiming to raise at least $75 billion, a figure that sits below earlier talk of up to $2 trillion.