SpaceX reportedly trims IPO target to $1.8 trillion

Valuation cut and timing

It has been reported that SpaceX (太空探索技术公司) has lowered its initial public offering target valuation to about $1.8 trillion, according to people familiar with the matter cited by Bloomberg. That is down from a previously reported internal target of more than $2 trillion in April. Reportedly, the adjustment follows consultations with advisers and potential investors as the company prepares to go public.

Size and process

Sources say details such as deal size and final valuation are still being negotiated and can shift before pricing. It has been reported that SpaceX may seek to raise as much as $75 billion in the IPO — a sum that, if true, would make it the largest offering in history. The company reportedly plans to begin its roadshow as early as June 4 with pricing possibly as soon as June 11, though the timetable could slip by days depending on investor feedback.

Business mix and geopolitical context

Why does this matter? SpaceX is no ordinary tech firm. It combines rocket launches (Falcon, Starship ambitions), Starlink satellite broadband, and newer pitches around space-based data centers and AI infrastructure — businesses that are capital intensive and strategically sensitive. Against a backdrop of volatile markets, rising interest rates and heightened US–China tech tensions, investor appetite for sky-high private valuations has become more cautious. Geopolitical risks and export controls on advanced technologies are likely to be part of investors’ calculus.

Market implications

If the $1.8 trillion figure sticks, SpaceX would rank among the most valuable companies at IPO and set a new benchmark for private-space valuations. But sources stress the number is not fixed; roadshow feedback could push the target back up or down. For now, markets and rival space and telecom companies will be watching closely.