SpaceX gets an additional $10 billion from its IPO, bringing total raised to $85.7 billion
SpaceX yesterday announced that it has raised an additional $10 billion from its initial public offering (IPO) because its original private investors have decided to exercise their option to purchase stock, bringing the total raised to $85.7 billion.
Space Exploration Technologies Corp. (“SpaceX”) today announced the closing of its initial public offering of an aggregate 638,888,888 shares of its Class A common stock, including the full exercise by the underwriters of their overallotment option to purchase an additional 83,333,333 shares of Class A common stock from SpaceX. The issuance of all shares closed on June 15, 2026, bringing the gross proceeds from the initial public offering to SpaceX to approximately $85.7 billion. The shares of Class A common stock began trading on the Nasdaq Global Select Market and Nasdaq Texas on June 12, 2026, under the ticker symbol “SPCX.”
Goldman Sachs & Co. LLC, Morgan Stanley, BofA Securities, Citigroup, J.P. Morgan, Barclays, Deutsche Bank Securities, RBC Capital Markets, UBS Investment Bank, and Wells Fargo Securities acted as book-running managers for the offering. Cantor, Needham & Company, Raymond James, Societe Generale, Stifel, William Blair, BTG Pactual, ING, Macquarie Capital (USA) Inc., Mirae Asset Securities, Mizuho, and Santander acted as co-managers.
The actual cash raised for the company is less than $85.7 billion, as the various financial institutions listed in the second paragraph above get a cut for managing the IPO, which is only 0.75%, the lowest percentage for an IPO since 2010. Thus, SpaceX raised more than $85 billion for its own use.
As I noted a few days ago, this nest egg of cash is only part of the company’s resources. It presently earns about $31 billion in revenue yearly from Starlink and its computer hardware divisions. That number is also certain to rise in the coming years.
Meanwhile, subsequent trading of the company’s stock on Wall Street remains brisk, with the price continuing to rise. It is presently trading at over $200 per share. Though this higher price doesn’t mean more money to SpaceX (as it only represents resales of the stock), it does tell us that the market considers the stock more valuable than its initial price. Thus, the predictions of many financial experts that the IPO was over-valued are so far turning out to be wrong.
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SpaceX right now trading at $220 per share.
Related: Where does wealth come from?
I LOVE, TAYLOR SWIFT: ONLY IN AMERICA
https://www.sigma3ioc.com/post/i-love-taylor-swift-only-in-america
“And then Elon Musk became the first private citizen, a true African American immigrant success story became the first TRILLIONAIRE on planet earth!
And what happened? The Left, radical, “progressives”, Democrats, Democrat Socialists (Read: Junior Communists) the Bernie Sanders, “Pow wow Chow” “Fauxahantus” Warren types blew a gasket! ”
https://static.wixstatic.com/media/e691e8_5c91a346724a4509ab9c02dac8e39078~mv2.jpg/v1/fill/w_740,h_493,al_c,q_85,usm_0.66_1.00_0.01,enc_avif,quality_auto/e691e8_5c91a346724a4509ab9c02dac8e39078~mv2.jpg
I’ve read that there have been suggestions that Musk be given the “harshest” treatment (and we know what that means) for becoming a trillionaire.
But, then, that’s how the “if I can’t have it, you can’t have it” crowd thinks. Yet, they don’t squawk when some socialist becomes rich.
I do not even think it is If I can’t have it, you can’t have it mentality, these people on the radical Left and even many of those regular everyday Democrats IMO do not fundamentally understand how the world and especially America and the creation of wealth and prosperity work.
They believe that wealth, prosperity and freedom are a given.
They truly believe that these things that most all people desire and work for just exist and it is theirs to politically claim and or confiscate from others. They think incompletely and they think like children and children think like Communists.
Why do they hate Elon and his most recent accomplishment?
Because Elon chose a political side after he realized (Remember, Elon WAS a Silicon Vally Liberal Democrat) just how perverted, corrupt and dangerous to America, its Constitutional foundation and freedom in the world the Liberals and the now Leftist Democrat party leadership have become as they have been taken over by the more radical Leftists among them.
Very simple, Elon realized this and changed tribes and took all of his toys with him.
And you do not have to be a genius to understand his choice and why he came to it.
Child minded Communists within America who are more aligned with CCP China and Islam are dangerous when you reject them and you are no longer their friend.
To my point: https://nypost.com/2026/06/16/us-news/gloating-luigi-mangione-reporter-who-has-onlyfans-page-got-ghoulish-tattoo-of-accused-killers-autograph/
I guarantee this woman is not a follower of the Founders and believes that the world revolves around her life perspective.
Most of them are nutty and half if at all educated.
If anyone wants to see how stupid and ignorant most of the Only Fans girls actually are, check out the “Whatever Podcast.” Brian Atlas interviews a gaggle of them every week.
https://www.youtube.com/@whatever
Mr. Z.,
Underwriting fee was .75%, the lowest of any IPO since GM in 2010. Usual underwriting fee is 5-7%, with an initial price set in a tight range.
Musk also negotiated that 20-30% of all shares be sold to retail investors, and that the “green shoe option” be employed at no cost. (the over-allotment option, used to stabilize or support the price if necessary, allowing an additional 15% of the base shares to be issued on margin for up to 30 days, and facilitating insiders and earlier investors wishing to monetize their prior investments in new stock or cash.)
The SpaceX treasury received 99.25% of the gross IPO price, or $133.98 per share, for everything sold into the market at the initial price.
see: https://behindtheblack.com/behind-the-black/essays-and-commentaries/spacexs-ipo-sets-the-stage-for-the-colonization-of-the-solar-system-by-private-enterprise/#comment-1633063
and associated Steve Goslon comment ref: the Green Shoe Option
Yes wayne, right again! SpaceX net after fees is $85.7B
Note the underwriting fee was specified as a flat $500M. Which as a percentage of gross is 0.58%
That Elon, he knows how to negotiate a deal…
wayne and Steve Golson: Thank you. I had forgotten Steve’s first comment. In fact, the math hurt my brain and so I didn’t absorb it the first time.
I am adjusting today’s post to correct my error.
“The General Motors IPO in (November) 2010 was designed to extricate the Obama administrations involvement in GM in which they had taken a 66% ownership share as a result of their bankruptcy rescue in 2009.
The U.S. Treasury’s stake dropped to 33% the day after the IPO, with $13.5 billion recovered.
By December 15, 2010, GM had repurchased all Treasury-held preferred stock for $2.1 billion.”
I think Bezos should abandon NG and work with Elon on winged versions of SS/SH using Raptors. That or just focus of payloads to go atop Elon’s rockets.
I have no faith in Neutron or BO’s upper stage guys.
Sign over NG to Elon to replace Falcon down the road perhaps….Merlin engine cluster for a winged first stage, Raptors for a winged orbiter.
I think winged spaceflight could help give America a morale boost, and the military might have more interest in helping fund that.
I just don’t trust Bezos to do anything other than writing checks to better men.
That is his only value at this point
Having no faith in the upper stage of a rocket that hasn’t launched is quite something.
Jeff. You simply have no idea how the world works. It truly doesn’t work the way you think it does.
Winged rockets are a morale boost for America? What?? Do you really think so???
Sign NG over to Elon? Who does that, and why, and under what laws? You have no idea, you just spout reality-disconnected nonsense about magical unicorn emissions equivalents.
A physics professor once told me “you need to get your head out of the clouds and come back to reality.” He was correct. You should follow his advice as well.
Sorry. I’m just so tired of your non sequiturs cluttering up the place and sucking O2 out of the room.
For a brief time today Elon was likely also the world’s first MULTI-trillionaire. But alas the inevitable profit taking looks to be starting and the stock has receded to “only” $200 (so far) : )
I will be checking SPACEX in December.
When it comes to investing, it helps to remember the lines from the Kenny Rogers song The Gambler:
“You never count your money
When you’re sittin’ at the table
There’ll be time enough for countin’
When the dealing’s done.”
As of today, at least, SpaceX’s market cap is more than the annual GDP of . . . Italy.
And Italy can’t take you to the Moon.
That is an impressive war chest. I look forward to the progress SpaceX makes in coming months and years.
Many of Musk’s detractors compare him to a villain in a James Bond movie.
On the contrary, he’s like a real-life character out of a Jules Verne novel, like the ones who built the cannon that launched the Columbia in From the Earth to the Moon. His historical counterpart might be Isambard Kingdom Brunel, who built steamships, railways, bridges, and tunnels.
I strongly agree. Elon Musk is a heroic industrialist on the same scale as Isambard Kingdom Brunel. He is a national treasure! I’d say there are others striving for that stature too, but he is the current champion.
A better comparison to Musk is Cornelius Vanderbilt. See my November 2025 essay.
How about James J. Hill, CEO of the Great Northern Railway?
The first transcontinental railroad built with no public money and only a few land grants, and one of the few railroads that didn’t go bankrupt.
He had his detractors as well:
Harry McClintock
“Hallelujah! I’m A Bum” 1928
https://youtu.be/UzUybLGvBxE
2:36
I like Jim Hill, he’s a good friend of mine,
That is why I’m hiking down Jim Hills main Line.
To Patrick,
Winged spaceflight is a reality–and X-37 has flown back to Earth more successfully than Starship.
That’s reality.
Winged spaceflight just needs its own billionaire…not named Branson
Jeff,
You know you can click the ‘reply’ button and it’ll properly nest your messages, right? It’s not hiding it from anyone if you do it this way.
Apples to oranges. X-37 will never be much more than it is, and Starship will be much more.
If orbital spaceplanes reach commercial use, they’ll come from companies such as from Polaris, Radian, or Dawn. None of whom have a billionaire nor need one.
“You know you can click the ‘reply’ button and it’ll properly nest your messages, right? It’s not hiding it from anyone if you do it this way.”
When I am at home, the little verification dingus just spins–that forces me to go below where it seems to work better.
Here at the library everything works fine.
And yet Starship gets so very much more attention than the X-37. Which one gives America a morale boost? Thats right. Starship.
Maybe it is flaps, not wings, that are the morale boosters.
Let’s look at the scorecard of winged spaceflight (real, not science fiction):
Unwinged reusable boosters are currently flying more often than every other type of booster combined. Many Falcon 9 boosters have flown more than X-37s. The X-37s have been operational for a couple of decades and have a combined total of seven landings, but even though Starship is not yet operational — is in developmental testing — it already has had six controlled landings (if you don’t count the suborbital test in 2020, which would make it seven, too).
Wings are heavy and suffer from the tyranny of the rocket equation, reducing the efficiency of the vehicle. The overall effect of the wing must be considered in order to determine whether that is the best way to design a launch vehicle or a spacecraft. SpaceX chose not to go with wings, because they got in the way of their success. If a SpaceX design comes along in which wings would be preferred, SpaceX is sure to choose the wings for that vehicle.
Bezos would not want to make a degraded version of Super Heavy and Starship, and SpaceX would not want that, either. Super Heavy and Starship are being developed and designed for very rapid turnaround. Sticking wings on either craft would slow down the turnaround as well as destroy the progress that SpaceX has made in the battle with the rocket equation.
BOOM! Reality at TESLA.
Elon: https://youtube.com/shorts/bkQTHGdgE-c?si=bGNDOvUKvl1cbKKX 1 min.
FACT: TESLA made many, many workers at the company MILLIONAIRES!
I question everyone who I know and see driving a TESLA, and I am not a full electric fan.
I ask them: “How do you like your robot?”.
Every one of them answer: “I love my TESLA”.
Success, wealth and prosperity are not confiscated, they are created through vision, determination and manifesting the vision.
Everyone has ideas regarding new products or services, and the rubber meets the road when you spend time and money on those ideas. You assess and take the risk involved, you write the check, you spend the endless time, and you are able to make them / it real and tangible, Maybe.
Other than that, you are just a back seat driver and are daydreaming, I.E. a Socialist / Democrat.