SpaceX targets a valuation of at least $1.8 trillion in its IPO, down from a previously reported $2 trillion goal.
SpaceX is aiming for a valuation of at least $1.8 trillion in its initial public offering. This is a decrease from the $2 trillion valuation the company was previously targeting.
IPO Valuation
The new valuation target of $1.8 trillion was reported after Bloomberg News stated in April that SpaceX was aiming for a valuation above $2 trillion. Bloomberg's space and aviation managing editor Benedikt Kammel discussed the topic on Bloomberg This Weekend.
Key points
- SpaceX is targeting a valuation of at least $1.8 trillion in its IPO.
- The company was previously aiming for a valuation above $2 trillion.
- Bloomberg News reported the $2 trillion goal in April.
- Benedikt Kammel, Bloomberg's space and aviation managing editor, discussed the topic on Bloomberg This Weekend.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.
