SpaceX IPO raises $85.7 billion as underwriters exercise 'greenshoe' option

SpaceX's record $75 billion IPO includes a greenshoe option, allowing for the sale of an additional 15% of shares. This standard feature, designed to stabilize trading, could…

SpaceX raises record $75 billion in IPO with greenshoe option, giving flexibility to stabilise trading and potentially raise more capital post-listing.

Elon Musk's aerospace company raised a whopping $75 billion by selling 555.6 million shares, or about 5% of its stock, in Friday's much-awaited market debut. However, in the weeks…