SpaceX is currently targeting an IPO valuation of at least $1.8T, down from a previous $2T+ target, after consultations with advisers and investors

SpaceX has trimmed its IPO valuation ambitions. The rocket company is now targeting at least $1.8 trillion in its initial public offering, according to Bloomberg, citing people familiar with the matter.

That's a notable step down from a previous target north of $2 trillion. The adjustment came after consultations with advisers and investors — a classic recalibration as market reality meets corporate ambition.

Even at $1.8 trillion, the figure is staggering. It would make SpaceX one of the most valuable companies on Earth at debut, eclipsing most publicly traded firms across any sector.

The revised target signals that while investor appetite for SpaceX remains enormous, there are limits. Advisers apparently pushed for a more grounded number to ensure a smoother market entry.

No official timeline for the IPO has been confirmed.