Report: SpaceX IPO Target Valuation Lowered to at Least $1.8 Trillion

Odaily Odaily reported that according to insiders, Elon Musk's SpaceX is now seeking a valuation of at least $1.8 trillion in its initial public offering (IPO), lower than the previously reported $2 trillion target. Sources say SpaceX has lowered its target after consulting with advisors and investors. Details such as the IPO's offering size and valuation are typically adjusted based on stakeholder feedback before the final pricing is set. Reports indicate SpaceX could start its formal roadshow as early as June 4 and may finalize pricing as early as June 11, though the actual trading timeline could be delayed by a few days.

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