▲ SpaceX
The joint underwriters for the initial public offering (IPO) of U.S. aerospace company SpaceX have exercised their over-allotment option (greenshoe), bringing the total capital raised through the listing to $85.7 billion (approximately 130 trillion won), Reuters reported on June 15 (local time).
Previously, SpaceX announced on June 11 that it had finalized its offering price at $135 per share and planned to raise $75 billion (approximately 113 trillion won) by selling 555.56 million shares of common stock (Class A).
Following the underwriters' decision to exercise the over-allotment option, the final number of shares issued increased to 638.89 million, raising the total new capital to $85.7 billion.
This figure is three times the $29 billion raised by Saudi Arabia's state-owned oil company, Aramco, which previously held the record.
The over-allotment option, also known as the "greenshoe option," is a common mechanism used in large-scale U.S. IPOs that acts as a stabilizer to curb sharp fluctuations in stock prices after trading begins.
Elon Musk, CEO of SpaceX, added to market expectations by offering an optimistic outlook.
On the night of June 14, he stated on X (formerly Twitter), "I believe SpaceX can reach $1 trillion in revenue by 2030."
SpaceX's revenue last year was $18.67 billion, a significant gap from the target Musk set for four years from now.
Inclusion in major indices is also considered a positive factor for SpaceX.
SpaceX is expected to be included in the Financial Times Stock Exchange (FTSE) Russell indices on June 26 and the Morgan Stanley Capital International (MSCI) index on June 29.
Investment bank Jefferies estimates that the inclusion in the FTSE Russell index alone will attract $2.68 billion from passive investors.
Meanwhile, the stock price continues to show an upward trend.
On June 12, the first day of its Nasdaq listing, SpaceX shares closed 19.3% higher than the offering price.
On this day, the second trading day since the listing, the stock traded as high as $175 per share, up 8.7% during intraday trading.
As of 9:40 a.m. Eastern Time, trading volume exceeded $7.2 billion, surpassing the combined trading volume of Nvidia, Microsoft, and Tesla.
(Photo: AP, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.