SpaceX raises $75B in IPO selling about 5% at $135
Business
SpaceX just pulled off a massive IPO, raising $75 billion by selling about 5% of its shares at $135 each.
One cool feature in this launch was the greenshoe option, which basically lets banks buy extra shares if people are super eager to invest.
Greenshoe could add $11.2B to SpaceX
This greenshoe move helps keep SpaceX's stock price steady and can bring in even more cash, up to another $11.2 billion, if demand stays high.