Multiple outlets report that SpaceX’s initial public offering raises a total of $85.7 billion after underwriters exercise the “greenshoe” option, also described as an overallotment option. The greenshoe mechanism allows underwriters to purchase additional shares from the issuer—up to a predetermined limit—if demand is strong, which can increase the total proceeds from an offering beyond the initial amount.
CNA, Yahoo Finance, and CNBC all cite the same updated figure of $85.7 billion following the exercise of the option. While the reports focus on the final raised amount and the role of underwriters in expanding the deal through the greenshoe, they do not provide additional differing details in the excerpts provided, such as the initial IPO size, the number of shares involved, pricing per share, or allocation breakdown.
Across sources, the common point is that the IPO’s proceeds increase to $85.7 billion due to underwriters taking advantage of the greenshoe/overallotment option. The reports therefore present the exercise of the option as the primary factor behind the final total.
