According to sources familiar with the matter, SpaceX has currently set a target valuation of at least $1.8 trillion for its initial public offering (IPO), down from a previous target exceeding $2 trillion, following consultations with advisors and investors. However, discussions are still ongoing, and the target valuation may increase based on investor feedback during the roadshow. Musk denied the report, calling it 'fake.' SpaceX plans to raise up to $75 billion through this IPO, with the IPO roadshow expected to start as early as June 4, pricing on June 11, though the timeline may be delayed by a few days. According to IPO filings, SpaceX is transitioning from manufacturing reusable rockets and providing satellite internet services to becoming a giant in artificial intelligence services and infrastructure, aiming to tap into a serviceable market worth $28.5 trillion. In 2025, SpaceX's revenue reached $18.7 billion, up from $14 billion in 2024, but its performance shifted from profit to loss, with a profit of $791 million in 2024 and a loss of $4.94 billion in 2025. In February this year, SpaceX acquired Musk's xAI, valuing SpaceX at $1 trillion and xAI at $250 billion. The IPO will be arranged by several banks, including Goldman Sachs and Morgan Stanley, and is expected to be listed on the Nasdaq and Nasdaq Texas exchanges under the ticker symbol SPCX.