India, June 15 -- Space Exploration Technologies Corp. (SPCX) has boosted the funds from its historic initial public offering to a massive $85.7 billion, with underwriters deciding to exercise their overallotment option, as mentioned in an investor relations update released on Monday.
Under Elon Musk's leadership, the company initially netted $75 billion during its market debut last week, marking the largest IPO ever. Major players like Goldman Sachs and Morgan Stanley exercised their right to buy an extra 83.3 million shares through the "greenshoe" option, adding another $10.7 billion to the pot.
This decision came in response to strong demand from investors, which pushed SpaceX shares up significantly after their debut. They were priced...