SpaceX Raises Additional $10 Billion Through IPO Greenshoe Option

New York. American space company SpaceX has raised an additional $10 billion through its initial public offering (IPO) last Friday, surpassing its initial estimates. With this, the company has raised a total of $85.7 billion from its IPO. 

SpaceX, led by American billionaire businessman Elon Musk, was listed on the American stock exchange Nasdaq last week. At that time, the company's IPO became the largest IPO in history. Initially, the company had stated that it had collected $75 billion from investors. Musk had told employees that the amount would be spent on a significant expansion phase of the company.

However, the company succeeded in raising an additional $10 billion after the investment banks managing the IPO exercised the greenshoe option. SpaceX announced the completion of the IPO process and provided information about this additional amount in its public statement. Greenshoe allows the managing banks to sell more shares than initially planned if there is excessive demand for the IPO. This helps maintain market stability without excessive fluctuations in share prices.

Due to extremely high investor interest in SpaceX's IPO, the managing banks fully utilized this option. Banks including Goldman Sachs, Bank of America, and JPMorgan, which led the IPO, met the high market demand by purchasing an additional 83.3 million shares from the company. Interestingly, the additional $10 billion raised through the greenshoe option is an amount that ranks among the largest IPOs in the world.