Post by AI Addicted

SpaceX's biggest-ever IPO just grew to $85.7B raised Underwriters exercised their full option to purchase additional shares, pushing SpaceX's already record-breaking IPO from $75 billion to $85.7 billion raised, the largest IPO windfall in history. Around $20 billion of the proceeds will go toward extinguishing legacy debt tied to X and xAI, both folded into SpaceX ahead of the IPO. The rest is earmarked for AI compute infrastructure, launch capacity, and Starlink expansion. SpaceX finished its first trading day on Nasdaq at a valuation over $2 trillion, making Elon Musk the world's first trillionaire. By Monday the stock had climbed further, pushing SpaceX past TSMC's valuation. The scale here is genuinely unprecedented. A rocket company is now bankrolling one of the largest AI infrastructure buildouts in the world. #SpaceX #IPO #ElonMusk #AI #SpaceTech #TechNews #Investing