SpaceX IPO closes at $85.7B after greenshoe overallotment

SpaceX completed its initial public offering at a valuation of $85.7 billion following the underwriters' full exercise of the greenshoe overallotment option. The IPO ranks among the largest offerings in recent memory and reflects strong institutional demand for rocket and satellite infrastructure assets.

For infrastructure investors and AI-adjacent capital allocators, SpaceX's public-market debut raises questions about long-term capex sustainability and the role of satellite compute in edge AI deployment. The company's vertical integration strategy and government contracts remain the core value drivers.