SpaceX, led by Elon Musk, is reportedly aiming for a lower IPO valuation of around $1.8 trillion as it prepares for its upcoming public offering, according to Bloomberg News sources familiar with the matter. While this figure is below earlier internal expectations, it would still position the listing among the largest IPOs ever recorded.
The company is also looking to raise up to $75 billion through the offering. Investor roadshows are expected to begin around June 4, with pricing potentially taking place by June 11, though the timeline may still shift depending on market conditions.
Earlier reports in April suggested SpaceX had been targeting a valuation exceeding $2 trillion. However, discussions with advisers and investors reportedly led to a more conservative revision of the figure. Both the final valuation and total funds raised could still change based on investor interest during the IPO process.
Financial data cited in the report shows SpaceX generated approximately $18.7 billion in revenue in 2025, up from $14 billion the previous year. Despite revenue growth, the company reported a net loss of $4.94 billion in 2025, compared with a profit of $791 million in 2024, driven by increased spending on artificial intelligence development and infrastructure expansion.