SpaceX surged another 20% on the second day after its listing, and it has already gained nearly 40% since going public. SpaceX’s market value has skyrocketed like a rocket, already exceeding Tesla by $700 billion, and even more than twice that of Berkshire Hathaway.



In addition to the gains fueled by the broader market, SpaceX said in a statement on Monday that it has exercised its IPO over-allotment option—known as the Green Shoe option—which allows underwriters to sell more shares to investors than originally planned. The fundraising amount has been increased to $86.2 billion.

This not only brings more cash to SpaceX, but also shows strong market demand for SpaceX stock.

Wedbush analyst Dan Ives believes that, “SpceX’s IPO is an important watershed for the entire tech industry,” easing worries about whether market capital can absorb an IPO of such a large scale, and paving the way for the next listings of Anthropic and OpenAI.
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