SpaceX's record-breaking initial public offering (IPO) has expanded further as underwriters exercised their option to purchase the maximum number of shares, causing the total amount raised to surge to $85.7 billion. This figure surpasses the initial target of $75 billion, marking the largest IPO in history. Following its listing on Nasdaq last Friday, SpaceX's market value has exceeded $2 trillion, helping Elon Musk become the world's first trillionaire. The company's market value continued to rise on Monday, surpassing chipmaker TSMC.

Musk Space X, rockets, Starship, space

According to the SpaceX funding plan, the substantial funds raised will support multiple dimensions of its business strategy. The company plans to use approximately $20 billion to repay historical loan debts, which are related to the social media platform X (formerly Twitter) and Musk's general artificial intelligence company xAI—both of which have been integrated into SpaceX's structure prior to this IPO. In addition to debt restructuring, the remaining funds will be primarily used to expand SpaceX's AI computing infrastructure, enhance rocket launch infrastructure, and continue upgrading and improving the Starlink satellite broadband network service.

This IPO is not only a milestone in aerospace history but also a strategic turning point for Musk's capital restructuring and deep involvement in generative AI and cutting-edge technology. By deeply integrating xAI's computing power needs with SpaceX's heavy cash flow and capital channels, SpaceX is gradually evolving from a pure commercial aerospace giant into a composite tech cluster of "aerospace + AI computing power." This not only effectively alleviates the debt pressure caused by Musk's previous leveraged buyouts but also builds a high AI barrier for the next phase of the global AI infrastructure arms race, relying on extensive heavy industry manufacturing capabilities and satellite networks.