SpaceX IPO raises total of $85.7 billion as underwriters exercise 'greenshoe' overallotment option

In a monumental move, SpaceX's underwriters have opted to utilize their overallotment option during the company's initial public offering (IPO), resulting in a remarkable total of $85.7 billion raised. This surge follows an impressive initial fundraising of $75 billion that was secured just a day earlier on Thursday. The IPO marks a significant milestone for Elon Musk's pioneering ventures in space exploration and artificial intelligence, reflecting both investor confidence and the growing interest in innovative technology sectors. As developments unfold, stay tuned for further updates on this groundbreaking financial event.