Odaily Planet Daily reports that, according to sources familiar with the matter, Elon Musk’s SpaceX is currently seeking a valuation of at least $1.8 trillion in its initial public offering (IPO), down from the previously reported $2 trillion. The sources said that, following consultations with advisors and investors, SpaceX has lowered its target. Details such as the IPO size and valuation are typically adjusted prior to final pricing based on feedback from stakeholders. The report indicates that SpaceX could launch its official roadshow as early as June 4 and may complete pricing as soon as June 11, though the actual timeline could be delayed by several days.
Related discussions are ongoing, and the company may further increase its target valuation based on investor feedback during the roadshow. According to the prospectus, SpaceX's revenue in 2025 was $18.7 billion, up from $14 billion in the previous year. During the same period, the company's financial performance shifted from a profit of $791 million in 2024 to a loss of $4.94 billion in 2025. In February this year, the company announced the acquisition of xAI, owned by Musk; at the time of the transaction, SpaceX was valued at approximately $1 trillion, while xAI was valued at around $250 billion. (Jin10)