SpaceX lowers IPO valuation target to $1.8 trillion, marketing to begin June 4
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Summary
SpaceX has lowered its IPO valuation target from over $2 trillion to at least $1.8 trillion after discussions with advisers and investors. Marketing is set to begin June 4, with pricing potentially on June 11. The company aims to raise up to $75 billion in what would be the largest IPO in history. SpaceX will trade on Nasdaq and Nasdaq Texas under ticker SPCX, with major banks like Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan leading the deal. The company reported $18.7 billion in 2025 revenue.
Key quotes
· 5 pulledSpaceX has reduced its IPO valuation target from above $2 trillion to at least $1.8 trillion after consultations with advisers and investors.
Marketing is expected to begin as soon as 4 June, with pricing potentially as early as 11 June.
The company plans to raise up to $75 billion, which would be the largest IPO in history.
SpaceX will trade on Nasdaq and Nasdaq Texas under the ticker SPCX, with major banks including Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and JPMorgan leading the deal.
SpaceX reported $18.7 billion in 2025 revenue, but shifted from a $791 million profit in
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