SpaceX has elevated the valuation it is presenting to prospective investors for an initial public offering to a level above $2 trillion, according to people familiar with the discussions. The figure is being floated as a target in ongoing investor outreach, though internal deliberations continue and the details of any final offering remain subject to change.
The company, headquartered in Starbase, Texas, recently submitted confidential paperwork to the U.S. Securities and Exchange Commission as part of the IPO process. Those filings signal an intent to pursue a public listing and the company is targeting a market debut later this year.
Separately, the firm completed a corporate integration with an artificial intelligence startup, a deal that placed a $1 trillion value on the rocket company and assigned a $250 billion valuation to the developer of the Grok chatbot. That merger preceded the current IPO planning and valuation discussions.
Representatives of the company did not immediately answer a request for comment on the reported valuation target and the status of the listing plans. Company officials and advisers are said to be in active conversations with potential investors as they refine the structure and timing of the offering.
While the valuation figure now being promoted to investors would position the offering among the largest public listings should it hold, sources emphasize that deliberations are ongoing and that the terms could evolve before any final filing that would outline the size, timing and other specifics of the IPO.
For the moment, the available public information is limited to the confidential filing with the SEC, the reported valuation target above $2 trillion being shown to investors, the planned timing for a market launch later this year, and the recent corporate combination with an AI startup that produced the previously reported valuations of $1 trillion for the rocket company and $250 billion for the AI developer.