TechFlow News, April 3: According to JIN10, sources familiar with the matter revealed that SpaceX has raised its target valuation for its initial public offering (IPO) to over $2 trillion. These sources stated that the company and its advisors are disclosing this target valuation to potential investors in preparation for meetings scheduled over the coming weeks. As previously reported by foreign media, these so-called “test-the-waters” briefings may include additional information supporting this valuation.
In February, reports indicated that following SpaceX’s acquisition of Elon Musk’s xAI, the combined entity’s valuation stood at $1.25 trillion. At a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 Index except NVIDIA, Apple, Alphabet (Google’s parent company), Microsoft, and Amazon—and would also exceed two other members of the U.S. stock market’s “Magnificent Seven”: Meta and Tesla, which is also owned by Elon Musk.
