SpaceX Adjusts IPO Valuation Target to a Minimum of $1.8 Trillion
Elon Musk’s SpaceX has revised its initial public offering (IPO) valuation target to a minimum of $1.8 trillion. This adjustment, down from a previously anticipated $2 trillion, comes after consultations with financial advisors and investors. The aerospace giant is preparing for what could potentially be the largest IPO in history.
The company aims to raise up to $75 billion in the offering. Investor presentations are scheduled to begin on June 4, with final share pricing targeted for June 11. The planned trading will take place on Nasdaq under the ticker SPCX.
SpaceX reported revenue of $18.7 billion in 2025, a significant increase from $14 billion the previous year. However, the company’s financial performance swung from a profit of $791 million in 2024 to a loss of $4.94 billion last year.
SpaceX’s Position in the Market
The revised valuation still places SpaceX among the world’s most valuable companies. The company has evolved from its initial focus on reusable rockets to becoming a major player in AI services and satellite internet through Starlink. In February, SpaceX completed its acquisition of Elon Musk’s xAI division, which oversees the Grok AI platform and X social network. This acquisition was valued at $250 billion.
The IPO’s Leading Banks
Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase are leading the IPO, along with 18 other banks. Despite the lowered target, prediction market traders on Polymarket place 90% odds that SpaceX’s market cap will close above $1.8 trillion on its first trading day. Furthermore, 77% believe it will exceed $2 trillion.
Source: Bloomberg