TechFlow News, May 29: According to foreign media reports, sources familiar with the matter revealed that Elon Musk’s SpaceX is currently seeking a valuation of at least $1.8 trillion in its initial public offering (IPO), down from the previously reported $2 trillion. The sources indicated that SpaceX has lowered its target following consultations with advisors and investors. Details such as IPO size and valuation are typically adjusted prior to final pricing based on stakeholder feedback.
The report states that SpaceX may launch its formal roadshow as early as June 4 and could complete pricing as soon as June 11; however, the actual timeline may be delayed by several days. Discussions remain ongoing, and the company may further raise its target valuation based on investor feedback gathered during the roadshow.
According to the prospectus filing, SpaceX’s 2025 revenue stood at $18.7 billion, up from $14 billion in the prior year. Meanwhile, the company’s financial performance shifted from a profit of $791 million in 2024 to a loss of $4.94 billion in 2025. In February this year, SpaceX announced its acquisition of xAI—another company owned by Elon Musk—valuing SpaceX at approximately $1 trillion at the time of the deal, while xAI was valued at roughly $25 billion.
