SpaceX has reportedly reduced its target valuation for its highly anticipated initial public offering to at least $1.8 trillion, down from an earlier estimate that exceeded $2 trillion, according to a Bloomberg report citing sources familiar with the discussions.
Despite the lower target, the Elon Musk-led company is still preparing for what could become the largest IPO in history. Reports indicate that SpaceX aims to raise as much as $75 billion through the offering, a figure that would eclipse every previous public market debut.
Investor discussions and consultations with advisers reportedly influenced the revised valuation. Formal marketing to potential investors could begin as early as June 4, while pricing for the shares may take place around June 11, although both timelines remain subject to change.
SpaceX officially filed for its IPO on May 20, presenting itself as more than just a space exploration company. In its filing, the company highlighted its transformation from a reusable rocket manufacturer and satellite internet provider into a broader artificial intelligence infrastructure and services company.
The filing also revealed ambitious long-term plans, including orbital data centers and AI-powered services, while estimating its total addressable market at a staggering $28.5 trillion. SpaceX intends to list on both Nasdaq and Nasdaq Texas under the ticker symbol “SPCX.”
Financial details included in the IPO filing showed strong revenue growth for the company. SpaceX reported $18.7 billion in revenue for the 2025 fiscal year, up significantly from the $14 billion generated in 2024. However, the company’s profitability moved sharply in the opposite direction. After recording a $791 million profit in 2024, SpaceX posted a net loss of $4.94 billion in 2025.
The shift comes amid aggressive expansion efforts and major investments in artificial intelligence and digital infrastructure. Earlier this year, SpaceX integrated Elon Musk’s AI company, xAI, into its operations. The merger brought the Grok chatbot and the X social media platform under the SpaceX umbrella.
At the time of the transaction, Bloomberg reported that the deal valued SpaceX at approximately $1 trillion, while xAI was valued at around $250 billion.
The upcoming IPO is expected to attract massive attention from global investors, especially as SpaceX continues to position itself at the intersection of space technology, artificial intelligence, communications, and digital infrastructure. Industry analysts believe the offering could reshape the technology investment landscape and become one of the defining financial events of the decade.
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