SpaceX is preparing for an initial public offering that it currently targets at a valuation of at least about $1.8 trillion, according to multiple reports citing people familiar with the matter. Earlier plans in April aimed for a valuation above $2 trillion, but advisers and investors are said to have pushed the target lower during consultations. Sources describe the valuation figure as a marketing range that can still change during the formal marketing period, depending on demand.
Several outlets also report the company plans a fixed IPO price of $135 per share, with associated valuations cited around $1.75 trillion to $1.8 trillion. CNBC and other coverage link the pricing approach to an unusual sequence of setting the price ahead of the roadshow. SpaceX is also reported to be seeking to raise up to about $75 billion, which would be among the largest IPOs ever.
Reuters has previously reported an expected pricing date of June 11 and a debut on June 12, with the stock listed on Nasdaq and Nasdaq Texas under the ticker “SPCX.”
