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SpaceX shares skyrocket as money raised hits $85.7 billion

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By deepak · August 19, 2026 · 2 min read

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SpaceX ended up selling nearly 639 million shares, including more than 83 million extra ones [File]
| Photo Credit: REUTERS

SpaceX shares shot 20% higher Monday as the company said it raised a record-breaking $85.7 billion.

The second day of gains cemented SpaceX's stellar debut on Wall Street, eclipsing the previous largest IPOs and helping make Musk the world's first trillionaire.

Anthropic prepares supervoting power for founders ahead of IPO: Report

The stock climbed 19.7% in Monday trading to $192.8, extending Friday's 19% gain after the shares first started trading on the Nasdaq at $135.

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