Quick overview

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SpaceX is currently aiming for an IPO valuation of at least $1.8 trillion as Elon Musk’s rocket and artificial intelligence startup nears launch.

SpaceX wanted to be valued at more than $2 trillion. The people, who asked not to be named because the information is confidential, stated that the target is settling lower after consultations with advisors and investors.

IPO details such as size and valuation are usually adjusted before pricing based on stakeholder input.

SpaceX hopes to raise to $75 billion, making it the largest initial public offering (IPO) in history. According to the people, the company is still making decisions and may decide to raise its target valuation in response to investor input during marketing.

SpaceX’s pitch to investors in its May 20 IPO filing demonstrates the company’s development from concentrating on producing reusable rockets and a successful satellite internet business to becoming an AI services and infrastructure behemoth, envisioning orbital data centers and capturing a $28.5 trillion addressable market.

SpaceX is anticipated to price as early as June 11 and begin official marketing of its IPO as early as June 4. According to the people, the trading timeline might be postponed by a few days. SpaceX’s revenue increased from $14 billion to $18.7 billion in 2025. According to the filing, during that time, the company went from making $791 million in profit in 2024 to losing $4.94 billion last year.

The business declared iit had purchased Musk’s xAI, which housed the social media platform X and the Grok chatbot.