SpaceX raised 10 billion US dollars, which is equivalent to over 1,240 billion Icelandic krónur, more than what was estimated when the company went public on Friday.
This is stated in the review BBC.
It was expected that bonds would be bought for around USD 75 billion, but the final figures on Friday revealed that bonds were sold for a total of USD 85.7 billion, which is roughly equivalent to ISK 10.8 billion.
Elon Musk’s rocket company thus managed to carry out the largest public offering of a company in history, and Musk became the world’s first billionaire.
Huge demand
This extra selling of shares is explained by the fact that due to the high demand for shares of SpaceX on Friday, the dealers activated the so-called excess allotment option.
That option allows banks and other dealers to buy more shares in companies to quell the massive demand in popular IPOs. Is it done in order to prevent extreme price fluctuations and to soften the landing of companies on the public market.
A lot of uncertainty surrounds SpaceX’s tender, but experts have said many times that a lot needs to happen in order for the company to live up to Elon Musk’s science fiction promises.
