SpaceX, Elon Musk’s Hawthorne, California-based aerospace and satellite internet company, is seeking an initial public offering valuation of at least US$1.8 trillion and could raise as much as US$75 billion, according to people familiar with the matter.

People familiar with the matter said that target is lower than the more than US$2 trillion valuation discussed in April, after consultations with advisers and investors.

Space Exploration Technologies Corp. could begin formally marketing the offering as soon as June 4 and price it as early as June 11, though the schedule could slip by a few days, people familiar with the matter said.

The company plans to list on Nasdaq and Nasdaq Texas under the symbol SPCX.

A May 20 filing showed SpaceX’s 2025 revenue rose to US$18.7 billion from US$14 billion a year earlier, while the company swung from a US$791 million profit in 2024 to a US$4.94 billion loss in 2025.

🔗 Source: Bloomberg

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