SpaceX’s biggest-ever IPO just grew to $85.7 billion raised (opens original article in a new tab)

SpaceX's IPO grew to $85.7 billion as underwriters bought maximum shares, making it the largest IPO ever. The company plans to use funds for debt repayment and infrastructure expansion, with its stock valuation exceeding $2 trillion.

• SpaceX's IPO raised $85.7 billion after underwriters bought maximum shares
• SpaceX plans to use funds to pay off $20 billion in debt and expand AI and launch infrastructure
• SpaceX's stock valuation exceeded $2 trillion after trading on Nasdaq
• Shares rose on Monday, surpassing TSMC's valuation