There is no stopping Elon Muskâs SpaceX (SPCX). Following its historic public debut, the company announced that lead underwriters Goldman Sachs and Morgan Stanley have officially exercised the “greenshoe” overallotment option, cementing its place as the undisputed largest IPO in human history.
The mind-boggling data driving Wall Street’s new peak:
⥠The $85.7 Billion Capital Influx
- The Greenshoe Boost: Underwriters purchased an additional 83.3 million shares, driving total IPO proceeds to a staggering $85.7 Billion (up from the initial $75 Billion raised last week).
- The $250B Demand Wave: Reuters confirmed the IPO attracted over $250 Billion in investor ordersâmaking the offering heavily oversubscribed by nearly 4 times.
- The Stock Surge: After soaring 19% on Friday, shares surged another 7% in early Monday trading, blasting SpaceX’s total market cap well above the $2 Trillion milestone and officially making Elon Musk the worldâs first trillionaire.
đ A “Goldilocks” Market Entry
- Perfect Pricing: Analysts are calling the debut a textbook “Goldilocks” entry. By pricing 555.56 million initial shares at $135 apiece, SpaceX rewarded investors with massive immediate gains without leaving cash on the table.
- Absorbing the Shock: The greenshoe mechanism acts as a critical safety valve, allowing underwriters to inject high-demand shares into the open market to stabilize the stock and absorb massive orders from institutional mega-funds and retail buyers.
đ The New Wave of Public AI Annex Wealth Management notes that demand simply obliterated initial supply. This record-shattering deal is now viewed as the ultimate proof-of-concept for a massive new wave of tech listings, with AI titans OpenAI and Anthropic heavily expected to follow SpaceX into the public markets later this year.