MarketPR
SpaceX shares closed at $148, falling below the stock's debut price across two consecutive losing sessions that followed the company's addition to the Nasdaq-100.
The retreat arrives against the backdrop of a record offering: total IPO proceeds reached $85.7 billion after underwriters exercised the greenshoe overallotment option.
The $148 close is now the reference print heading into the next session.
The greenshoe and the IPO record The $85.7 billion figure reflects full activation of the greenshoe, the overallotment provision that allows underwriters to sell additional shares beyond the base offering when demand exceeds the initial allocation.
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