SpaceX lowers IPO target to $1.8T, marketing starts 4 June
SpaceX has lowered its IPO valuation target from above $2 trillion to at least $1.8 trillion after investor consultations. Marketing begins as soon as 4 June with pricing as early as 11 June. The company reported $18.7 billion in 2025 revenue but swung to a $4.94 billion loss after acquiring xAI.