---
title: "SpaceX IPO | Employees and investment bank traders are donning green shoes, U.S. media: originated from Musk's idea"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289667656.md"
description: "SpaceX went public on June 12, with employees and investment bank traders posing for photos in green shoes printed with the SpaceX logo. According to American media and investor Steve Jurvetson, this move was the idea of founder Elon Musk, aimed at paying tribute to the \"green shoe option\" mechanism in the IPO. This mechanism allows underwriters to sell additional shares after the listing to stabilize the stock price, and Musk used this as a souvenir to give back to the participating bankers"
datetime: "2026-06-13T13:50:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289667656.md)
  - [en](https://longbridge.com/en/news/289667656.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289667656.md)
---

# SpaceX IPO | Employees and investment bank traders are donning green shoes, U.S. media: originated from Musk's idea

SpaceX (NASDAQ: SPCX) went public on June 12. According to reports from U.S. media, many SpaceX employees and related investment bank traders wore green shoes and took photos during the listing ceremony, sparking curiosity from the public. The reports cited sources indicating that this idea came from the company's founder, Elon Musk, and was related to the "Greenshoe Option" mechanism for new stock listings.

In images on social media, several SpaceX employees and investment bank traders were seen wearing green shoes, with the Goldman Sachs team sporting custom versions of classic Nike sneakers featuring the SpaceX logo on the green shoe upper.

Venture capitalist Steve Jurvetson, an early investor in Tesla and SpaceX, posted a photo on social media of multiple people wearing green shoes.

He wrote, "Musk ultimately agreed to the IPO's Greenshoe Option... on the condition that all bankers wear green shoes." He also mentioned, "Everyone gets a souvenir."

The Wall Street Journal cited sources indicating that traders from Goldman Sachs and Morgan Stanley wore green shoes on the 12th as a "tribute" to the Greenshoe Option, an idea that originated from Musk.

The Greenshoe Option is a flexible right granted to underwriters by the issuer during an initial public offering (IPO), allowing them to sell up to 15% more shares than the original offering size to investors after the listing. This so-called "Greenshoe Option" serves as a "secret weapon" for banks responsible for stabilizing stock prices, helping to calm market volatility

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