Bond.az reports that Elon Musk's SpaceX is targeting a valuation of at least $1.8 trillion in its upcoming IPO, according to Bloomberg. While lower than earlier internal ambitions, it could still be the largest IPO in history.
The rocket and AI company aims to raise up to $75 billion. Formal investor roadshows may begin as soon as June 4, with pricing potentially by June 11.
Bloomberg reported in April that SpaceX had aimed for a valuation above $2 trillion, but the target was revised after discussions with advisers and investors.
The final valuation and size may change based on demand. SpaceX generated $18.7 billion in revenue in 2025 but swung to a net loss of $4.94 billion due to increased AI and infrastructure spending.
