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

SpaceX’s biggest-ever IPO just grew to $85. 7 billion raised Sean O'Kane Mon, June 15, 2026 at 4:45 PM GMT+2 1 min read SPCX WASHINGTON, DC - JANUARY 20: Tesla and SpaceX CEO Elon Musk attends the inauguration of President Donald Trump at the U. S.

Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. (Photo by Julia Demaree Nikhinson - Pool/Getty Images) | Image Credits:Julia Demaree Nikhinson / Getty Images SpaceX’s historic IPO just got super-sized, after the public offering’s underwriters exercised their option to purchase the maximum amount of shares — bringing the total amount raised to $85.

7 billion. Elon Musk’s space-and-AI company had initially raised $75 billion, which was already enough to make it the largest IPO windfall ever. SpaceX has said it plans to use the proceeds from this IPO in a variety of ways.

The company plans to extinguish around $20 billion in debt related to legacy loans tied to X, the social media company formerly known as Twitter, and Musk’s AI company xAI — both of which were combined into SpaceX before the IPO. Funds will also be used to expand SpaceX’s AI compute infrastructure, enhance its launch infrastructure, and improve Starlink. SpaceX’s stock started trading on the Nasdaq exchange on Friday.

The company finished the day with a valuation of more than $2 trillion, and Musk became the world’s first trillionaire. Shares climbed higher on Monday, helping SpaceX eclipse the valuation of chipmaker TSMC.