SpaceX Lowers IPO Valuation Target to $1.8 Trillion, Seeking Up to $75 Billion in Share Sale
SpaceX has adjusted its initial public offering valuation target to at least $1.8 trillion while aiming to raise as much as $75 billion, with investor roadshows potentially starting June 4 and pricing possible by June 11. The company's revenue rose to $18.7 billion in 2025 from $14 billion in 2024, while it swung to a net loss of $4.94 billion last…