SpaceX lowers IPO valuation target to at least $1.8 trillion
By
Bloomberg
Toasted to a respectable shade. No regrets, no crumbs left.
Summary
SpaceX is targeting a valuation of at least $1.8 trillion for its upcoming initial public offering, down from an earlier target of over $2 trillion reported in April. The adjustment comes after consultations with advisers and investors, according to sources familiar with the matter. The IPO details, including size and valuation, are typically adjusted before pricing.
Key quotes
· 4 pulledSpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering
Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion
The target is settling lower after consultations with advisers and investors
Details of an IPO such as size and valuation are typically adjusted ahead of pricing
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