SpaceX Raises Additional $10 Billion Through IPO Greenshoe Option

New York. American space company SpaceX has raised an additional $10 billion through its initial public offering (IPO) last Friday, surpassing its initial estimates. With this, the company has raised a total of $85.7 billion from its IPO.

SpaceX, led by American billionaire businessman Elon Musk, was listed on the American stock exchange Nasdaq last week. At that time, the company's IPO became the largest IPO in history. Initially, the company had stated that it had collected $75 billion from investors. Musk had told employees that the amount would be spent on a significant expansion phase of the company.