Elon Musk’s SpaceX is aiming for a valuation of at least $1.8 trillion as it prepares for its upcoming Initial Public Offering (IPO). While this figure is lower than the company’s initial internal aspirations, the offering could still prove to be the largest IPO on record, according to Bloomberg News, as reported on Thursday citing sources familiar with the matter.
The publication indicates that the aerospace and artificial intelligence firm intends to raise up to $75 billion through this IPO. Investor roadshows are reportedly slated to commence as early as June 4th, with pricing expected around June 11th.
In April, Bloomberg had previously reported that SpaceX was seeking a valuation exceeding $2 trillion. However, this latest target valuation has been adjusted downward following discussions with advisors and potential investors, the report states.
The final valuation and the size of the IPO are still subject to change, depending on investor demand throughout the marketing phase, Bloomberg added.
Citing documentation, Bloomberg reveals that SpaceX’s revenue for 2025 reached $18.7 billion, a significant increase from the $14 billion recorded the previous year. Despite this revenue growth, the company shifted from a net profit of $791 million in 2024 to a net loss of $4.94 billion in the past year. This shift is attributed to accelerated spending on artificial intelligence development and infrastructure.
About the Author
