Reports indicate SpaceX's IPO valuation target lowered to at least $1.8 trillion

Odaily reported that according to informed sources, Musk's SpaceX is currently seeking a valuation of at least $1.8 trillion in its Initial Public Offering (IPO), lower than the previously reported $2 trillion target. Sources indicate that after consultations with advisors and investors, SpaceX has reduced its target. Details such as the IPO's offering size and valuation are typically adjusted before final pricing based on feedback from stakeholders. Reports suggest that SpaceX could launch its official roadshow as early as June 4th, with pricing potentially completed by June 11th, though the actual trading timeline could be delayed by several days.

Relevant discussions are still ongoing, and the company may further raise its target valuation based on investor feedback during the roadshow. According to the offering documents, SpaceX's 2025 revenue was $18.7 billion, up from $14 billion the previous year. During the same period, the company's performance shifted from a profit of $791 million in 2024 to a loss of $4.94 billion in 2025. The company announced the acquisition of Musk's xAI in February this year; at the time, the deal valued SpaceX at approximately $1 trillion, while xAI was valued at around $250 billion. (Jinshi)