SpaceX lowers IPO target to $1.8T, marketing starts 4 June

This article was published on May 29, 2026 The company will start pitching investors as soon as 4 June and could price the largest IPO in history by 11 June, as it settles on a lower target than the $2 trillion-plus it initially sought TL;DRSpaceX 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. 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. SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on feedback during the formal marketing period, which is expected t