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SpaceX Lowers IPO Valuation Target to $1.8 Trillion on May 29

GateNews
Stocks

According to insiders cited by BlockBeats, SpaceX lowered its IPO valuation target to at least $1.8 trillion on May 29, down from the previously reported $2 trillion. The company adjusted the target after consulting with advisors and investors.

SpaceX is set to launch its formal roadshow as early as June 4, with pricing potentially completed by June 11. According to its filing, the company reported 2025 revenue of $18.7 billion versus $14 billion in 2024, though it swung to a $4.94 billion loss from a $791 million profit the previous year.

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