SpaceX's landmark public offering has expanded again, with underwriters using their option to buy additional shares and lifting total funds raised to $85.7 billion.
The company had already set a record with an initial $75 billion raise, but the latest increase pushes the offering even further into historic territory. The capital is expected to support a broad growth agenda across SpaceX's core businesses.
According to the company, the proceeds will help reduce about $20 billion in debt linked to legacy loans associated with X and xAI, while also strengthening investment in AI computing capacity, launch systems, and Starlink services.
SpaceX began trading on Nasdaq on Friday and ended the session with a valuation above $2 trillion. The company's market momentum continued into Monday, when its value moved past TSMC, underscoring investor confidence in the long-term space and connectivity ecosystem.
This milestone signals how space infrastructure, AI, and satellite networks may shape the next era of global technology.
