According to Jinshi, sources revealed that SpaceX has raised its target valuation for its initial public offering to over $2 trillion. These sources said the company and its advisors are disclosing this valuation target to potential investors in preparation for meetings in the coming weeks. Previously, foreign media reported that these so-called “test-the-waters” briefings may include additional information supporting this valuation. In February, it was reported that after SpaceX acquired Musk’s xAI, the combined company was valued at $1.25 trillion. At a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 except NVIDIA, Apple, Alphabet (Google’s parent company), Microsoft, and Amazon, as well as two other members of the U.S. tech “Magnificent Seven”—Meta and Tesla, also owned by Musk.
SpaceX Targets $2 Trillion Valuation, Exceeding Meta and Tesla
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Summary
In a major crypto news update, SpaceX is now targeting a $2 trillion valuation, according to sources cited by TechFlow. The company is reportedly communicating this target to investors ahead of key meetings. Earlier this year, its valuation was estimated at $1.25 trillion following its merger with Musk’s xAI. A $2 trillion valuation would place SpaceX above Meta and Tesla, and only behind a select few top S&P 500 companies. This development adds to ongoing cryptocurrency news surrounding growth in the tech and space sectors.
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