June 15 (Reuters) – SpaceX will release quarterly and annual financial results, besides other material ‌news, only through its website and social ‌media account on X and not through wire distribution services, ​it said in a filing on Monday.

The move marks a departure from standard corporate communication practices, which typically involve newswire services like Business Wire or ‌PR Newswire to ⁠reach a broad audience of investors and media outlets.

SpaceX said it “encourages members of ⁠the investment community, the media, and others to follow” its investor relations page on its website and ​its X ​account to review ​the information disclosed through ‌those channels.

Shares of the company closed around 19% higher on Monday. They were up about 2% in extended trading.

Earlier in the day, the company said its underwriters had exercised the “greenshoe” option to ‌purchase additional shares, increasing the ​total proceeds from its initial ​public offering to $85.7 ​billion.

Elon Musk’s rocket, AI and internet ‌conglomerate had raised a record $75 ​billion through ​the sale of 555.56 million shares at $135 apiece, becoming the largest IPO in history even ​before the greenshoe ‌option was exercised.

(Reporting by Sriparna Roy and ​Jaspreet Singh in Bengaluru; Editing by Anil ​D’Silva and Leroy Leo)