Elon Musk Strikes Down Reports on SpaceX IPO Rumors
The offering could raise as much as $75 billion, and the company may price it as early as June 11, people familiar with the matter said.
- On Friday, Elon Musk denied media reports that SpaceX lowered its target IPO valuation, responding "False" on X to a post from ZeroHedge citing Bloomberg sources.
- Formal IPO marketing is expected to begin as soon as June 4, with pricing targeted for June 11, following April reports suggesting SpaceX aimed for a valuation exceeding $2 trillion.
- The U.S. Space Force awarded SpaceX a $2.29 billion contract on May 26 to build a military space internet backbone, reinforcing the company's strategic value ahead of its public debut.
- Analysts speculate on a potential merger between SpaceX, Tesla, and xAI, with Wedbush analyst Dan Ives placing odds at 80% to 90% for completion in the first half of 2027.
- Tesla received authorization from the State of Texas on May 28 to operate driverless vehicles, building on Cybercab mass production that began at Giga Texas in April.
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11 Articles
Elon Musk strikes down reports on SpaceX IPO rumors
Elon Musk has firmly denied recent media reports suggesting that SpaceX has reduced its target valuation for an upcoming initial public offering. The denial came directly from the SpaceX and Tesla frontman on his social media platform X, where he responded with a single word, “False,” to a post from ZeroHedge that cited Bloomberg sources. This swift rebuttal underscores Musk’s ongoing effort to manage speculation surrounding one of the most anti…
SpaceX said to cut IPO value goal to at least $1.8 trillion
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter, as Elon Musk's rocket and artificial intelligence company nears its debut.
SpaceX IPO Valuation Target Drops Below $2 Trillion, Dragging (NASDAQ: ASTS), (NASDAQ: RKLB), and (NASDAQ: LUNR) Lower
Shares of AST SpaceMobile (NASDAQ: ASTS), Rocket Lab USA (NASDAQ: RKLB), Redwire (NYSE: RDW), and Intuitive Machines (NASDAQ: LUNR) slipped in overnight trading as SpaceX IPO optimism cooled following a report of a lower valuation target. Bloomberg reported that SpaceX is targeting a valuation of at least $1.8 trillion, down from earlier expectations that the company could seek a valuation exceeding $2 trillion. ASTS led the sector lower, fallin…
Watch SpaceX Said to Cut IPO Valuation Goal
SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with the matter. Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn’t public. Matthew Bloxham of Bloomberg Intelligence has more.
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