SpaceX Targets $1.8 Trillion Valuation in Potential Record-Breaking IPO

Elon Musk’s SpaceX is reportedly aiming for a valuation of at least $1.8 trillion in its upcoming initial public offering (IPO), according to a report from Bloomberg News citing sources familiar with the matter.

Although the target is lower than earlier internal expectations, the offering could still become the largest IPO ever completed if it proceeds at the proposed valuation.

SpaceX Could Raise Up to $75 Billion

The report indicates that SpaceX is seeking to raise as much as $75 billion through the public offering.

Investor roadshows are expected to begin as early as June 4, while the final pricing of the IPO could take place around June 11, depending on market conditions and investor demand.

The massive fundraising effort would mark a historic milestone for both the aerospace and technology sectors.

Valuation Target Revised Lower

Bloomberg previously reported in April that SpaceX was targeting a valuation exceeding $2 trillion.

However, following discussions with financial advisers and potential investors, the company reportedly adjusted its valuation expectations to approximately $1.8 trillion.

Despite the reduction, the revised figure would still place SpaceX among the most valuable companies in the world.

The final valuation and overall size of the IPO remain subject to change as the marketing process unfolds and investor interest becomes clearer.

Revenue Growth Remains Strong

According to financial information referenced in the Bloomberg report, SpaceX generated $18.7 billion in revenue during 2025.

That represents a significant increase from the $14 billion reported in 2024, highlighting the company’s continued expansion across its space, satellite, and artificial intelligence-related businesses.

The strong top-line growth demonstrates the increasing commercial demand for SpaceX’s services and infrastructure.

Profitability Impacted by Heavy Investment

While revenue continued to grow, profitability moved in the opposite direction.

SpaceX reported a net loss of $4.94 billion in 2025, compared with a net profit of $791 million in the previous year.

The shift into a loss was largely attributed to increased spending on artificial intelligence initiatives, infrastructure development, and long-term growth projects.

Investors will likely focus on whether these investments can support future revenue growth and strengthen SpaceX’s competitive position as it prepares for one of the most anticipated IPOs in market history.