SpaceX IPO valuation reaches $85.7 billion

SpaceX's initial public offering (IPO) has seen its valuation surge to an impressive $85.7 billion, marking it as one of the largest in recent history. Underwriters have fully exercised their options to purchase shares, indicating strong investor demand and confidence in the company's future prospects. This significant capital raise underscores SpaceX's dominant position in the aerospace and satellite communication sectors, positioning it for continued growth and innovation in its ambitious space exploration and internet constellation projects.