The aerospace firm reduces its initial public offering target after investor feedback, trimming earlier expectations above $2T.
SpaceX has lowered its IPO valuation target to at least $1.8 trillion, adjusting from a previously reported threshold exceeding $2 trillion. The revision follows discussions with advisers and potential investors, signaling a more conservative approach ahead of the offering.
Earlier reports in April suggested the company aimed for a valuation surpassing $2 trillion, but market conditions and investor input prompted the adjustment. The move reflects broader trends in tech IPOs, where initial targets often shift to align with demand.
No immediate market reaction was detailed, though the revised target may influence sentiment among institutional investors evaluating the offering.