SpaceX has lowered its IPO valuation target from $2 trillion to a minimum of $1.8 trillion.

Elon Musk's SpaceX has lowered its target valuation for its IPO from over $2 trillion to at least $1.8 trillion after discussions with advisors and investors.

On May 29, 2026, at 8:22 AM, Bloomberg News reported that Elon Musk's SpaceX is aiming for a valuation of at least $1.8 trillion in its initial public offering (IPO), which could become the largest IPO in history if it raises its maximum target of $7.5 billion.

Sources close to the matter reveal that SpaceX initially aimed for a valuation of over $2 trillion, but after discussions with financial advisors and investors, the company lowered its target to at least $1.8 trillion.

However, details regarding the valuation of the company and the size of the fundraising may still change in the period leading up to the IPO pricing, depending on investor response during the roadshow.

Bloomberg previously reported that SpaceX could officially begin marketing its IPO as early as June 4th and potentially determine the offering price by June 11th, although this schedule remains subject to change.

A presentation document to investors filed on May 20 reflects SpaceX's significant shift from a company focused on developing reusable rockets and Starlink satellite internet services to an AI and big data technology infrastructure company.

The company states that the total addressable market for future businesses could be as high as $28.5 trillion, encompassing AI services, space-based data centers, and next-generation digital infrastructure.

Recent earnings reports indicate that SpaceX has projected revenue of $1.87 billion in 2568, up from $1.4 billion the previous year. However, the company is projected to turn a net profit of $791 million in 2567 into a loss of $4.94 billion in 2568.

A key factor in SpaceX's shift from a space company to an AI technology company was Musk's acquisition of xAI last February, which owns the Grok chatbot and the X social media platform.

The deal resulted in SpaceX being valued at approximately $1 trillion at the time, while xAI was valued at $2.5 billion.

The launch of SpaceX's initial public offering (IPO) is being managed by leading global banks including Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan Chase, along with 18 other financial institutions. The company plans to trade on the Nasdaq and Nasdaq Texas markets under the ticker symbol "SPCX".

If the initial public offering (IPO) is successful, SpaceX will not only set a record for the world's largest IPO but will also solidify the company's status as one of the most valuable technology organizations in history and a key player in the next era of AI and space exploration.

Reference: www.bloomberg.com

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