According to informed sources, Space Exploration Technologies Corp (SpaceX) has set its current target valuation for an initial public offering (IPO) at a minimum of $1.8 trillion.
Last month, reports indicated a target valuation exceeding $2 trillion. However, sources reveal that the rocket, data, and artificial intelligence company has revised this target downward following consultations with advisors and investors.
Sources indicate that details such as the offering size and valuation are typically adjusted based on feedback from various parties before final pricing. Previously, sources had also disclosed that SpaceX plans to raise up to $75 billion through this listing, which would make it the largest IPO in history.
According to earlier reports, SpaceX is expected to formally commence its IPO roadshow as early as June 4, with pricing potentially occurring as early as June 11. Sources noted that the transaction timeline could be delayed by several days.
Sources stated that related discussions are ongoing, and SpaceX may decide whether to increase its target valuation based on investor feedback received during the roadshow period.
