US-based Space Exploration Technologies Corp. (SpaceX) is in the process of pursuing an initial public offering (IPO), with a targeted valuation set at no less than $1.8 trillion. This figure represents a decrease from the valuation exceeding $2 trillion that was reported in April of this year. Sources indicate that this adjustment is a cautious move by SpaceX, made after consulting with investment banking advisors and certain investors. Moreover, the valuation could potentially be revised upwards based on market feedback during the roadshow phase. Nevertheless, SpaceX CEO Elon Musk swiftly refuted the rumor in a post on the social platform X on the 29th, simply responding with the word "False."
