May. 30 at 1:20 AM
SpaceX is now targeting a valuation of at least
$1.8 trillion for its upcoming IPO, down from the more than
$2 trillion valuation previously discussed, according to people familiar with the matter. The adjustment follows feedback from advisers and investors as the Elon Musk-led company moves closer to what could become the largest IPO in history, with plans to raise up to
$75 billion.
The company is expected to begin formally marketing the offering on June 4, with pricing potentially starting on June 11, although the timeline could shift. SpaceX has told investors it is evolving beyond reusable rockets and its Starlink satellite internet business into a broader AI and infrastructure company, with ambitions that include orbital data centers and a total addressable market estimated at
$28.5 trillion.
Financial filings show revenue rose to
$18.7 billion in 2025 from
$14 billion in 2024.
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