Insiders: SpaceX IPO target valuation lowered to at least $1.8 trillion

Insiders reveal that SpaceX, under Elon Musk, is currently seeking a valuation of at least $1.8 trillion in its initial public offering (IPO), lower than the previously reported $2 trillion. Insiders stated that SpaceX has adjusted its target after consulting with advisors and investors. Details such as the size and valuation of the IPO are typically adjusted based on stakeholder feedback before the final pricing. Reports indicate that SpaceX will officially launch its roadshow as early as June 4 and may complete pricing as soon as June 11, although the actual trading schedule may be delayed by several days.

Related discussions are ongoing, and the company may further raise its target valuation based on investor feedback during the roadshow. According to the prospectus, SpaceX's revenue for 2025 is projected to be $18.7 billion, up from $14 billion the previous year. During the same period, the company's performance is expected to shift from a profit of $791 million in 2024 to a loss of $4.94 billion in 2025. The company announced in February this year the acquisition of xAI, which is also under Musk; this deal valued SpaceX at approximately $1 trillion, while xAI was valued at about $250 billion.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.