SpaceX secures $85.7B via extra allocation

SpaceX, the American company specializing in rockets, artificial intelligence, and internet services, raised $85.7 billion through its initial public offering after exercising the additional allocation option. The stock was priced at $135 at launch, with strong investor demand, which helped boost the company's market value to over two trillion dollars. Its shares surged by 19% on the first day of trading. The company is expected to reach revenue of one trillion dollars by 2030, although some analysts project revenues closer to $330 billion.

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