SpaceX is aiming for a valuation of at least $1.8 trillion in its initial public offering, according to sources, adjusting from an earlier target of $2 trillion reported by Bloomberg News in April. The news was discussed by Bloomberg's space and aviation managing editor Benedikt Kammel on Bloomberg This Weekend. The lower valuation still positions SpaceX as one of the most valuable companies to ever go public.
The revised valuation comes amid a competitive landscape in the space industry, with rival Jeff Bezos' Blue Origin experiencing a recent rocket explosion. Elon Musk responded to that incident with the remark 'Rockets are hard,' highlighting the challenges of the sector. SpaceX, meanwhile, continues to glide toward its highly anticipated IPO.
The $1.8 trillion valuation is a decrease from the $2 trillion figure Bloomberg reported in April, though the company is still targeting a significant public offering. The exact number of shares and pricing details have not been disclosed by the sources. The IPO is expected to be one of the largest in history, drawing intense investor interest.
The offering will likely set a benchmark for other high-profile tech IPOs expected in 2026 and 2027, including those from OpenAI and Anthropic. Investors are closely watching how SpaceX's valuation compares to these AI companies. The deal could reshape the space investment landscape and attract a wave of new capital to the sector.
Some analysts caution that the revised valuation may reflect market headwinds or internal challenges, though SpaceX has not commented on the adjustment. The final IPO price will depend on market conditions and investor appetite closer to the offering date.