After SpaceX's IPO, its fundraising scale continued to expand. The company disclosed that the total cumulative funding has now reached $85.7 billion, up from the previous $75 billion, setting a new global IPO fundraising record.
Funds allocated to AI and launch facilities
The company disclosed that the additional funds will primarily be used for three business expansions: expanding AI computing infrastructure, enhancing facilities related to rocket launches, and continuing to improve Starlink satellite internet services.
From a capital allocation perspective, SpaceX is directing its capital expenditures toward both aerospace and AI. In addition to launch services and satellite networks, AI infrastructure has become a key focus for future investments.
Market capitalization surpassed $2 trillion after listing.
SpaceX shares began trading on Nasdaq last Friday. By the end of its first trading day, the company's market capitalization had exceeded $2 trillion. On Monday, the stock continued to rise, further increasing its market value.
TechCrunch reports that, as its stock price continues to rise, SpaceX's total market capitalization has surpassed that of chipmaker TSMC, making it one of the most closely watched tech companies in global capital markets recently.
Elon Musk's wealth is rising in tandem.
As the company's valuation rose rapidly, Musk's personal wealth was further increased. The report noted that after the first trading day of SpaceX's IPO, Musk became the world's first person with a net worth exceeding $1 trillion.
- Total funds raised: $85.7 billion
- Previously disclosed fundraising amount: $75 billion
- Market capitalization at first-day close: over $2 trillion