SpaceX Extends Historic IPO to $85.7B with Greenshoe Boost
SPCX•SpaceX increased its IPO proceeds to $85.7 billion after underwriters exercised an 83.3 million-share greenshoe option, raising total shares sold to 639 million. Shares gained 11% after a 19% surge Friday, as Musk forecasts $1 trillion revenue by 2030 and CFRA initiated Sell coverage.
1. IPO Expansion Details
Underwriters led by Goldman Sachs and Morgan Stanley fully exercised an 83.3 million-share greenshoe option, increasing total shares sold to 639 million and boosting IPO proceeds to $85.7 billion.
2. Market Reaction
Shares jumped 11% after a 19% surge Friday, reflecting strong retail interest and fueling bullish forecasts near $400. Message volumes hit extremely high levels as investors debated valuation and future share releases.
3. Musk Forecast and Analyst Coverage
Elon Musk projects SpaceX could generate approximately $1 trillion in revenue by 2030, potentially exceeding that in 2031. CFRA initiated coverage with a Sell rating, highlighting the ambitious growth strategy, elevated valuation expectations and high capital intensity.
