SpaceX’s biggest-ever IPO just grew to $85.7 billion raised

SpaceX's initial public offering (IPO) has expanded to a valuation of $85.7 billion, making it the largest IPO in history. The underwriters exercised their option to purchase additional shares, increasing the total capital raised. This significant financial milestone underscores strong investor confidence in the company's future prospects within the aerospace and telecommunications sectors. The expanded IPO size reflects robust demand and a positive market reception for SpaceX's ambitious growth plans and technological innovations. This development positions SpaceX for substantial investment in its ongoing projects, including Starlink satellite internet and Starship development.