Gotrade News – SpaceX lowered its IPO valuation target by $200 billion to roughly $1.8 trillion ahead of a June 12 debut. The rocket maker still aims to raise up to $75 billion in the offering.<\/p>\n
The cut signals pricing discipline as merger chatter with Tesla (TSLA)<\/a> intensifies. Investors are weighing valuation risk against Elon Musk’s expanding cross-company ambitions.<\/p>\n Key TakeawaysSpaceX cut its IPO valuation target by $200 billion to about $1.8 trillion.Combined 2025 sales reached $18.67 billion, implying a steep 96x price-to-sales ratio.Tesla merger speculation grows, with Wedbush’s Dan Ives predicting a deal next year.SpaceX Trims IPO Goal<\/p>\n According to Motley Fool<\/a>, SpaceX trimmed its valuation target from $2 trillion to $1.8 trillion. The debut is scheduled for June 12 on Nasdaq.<\/p>\n Potential Nasdaq-100 inclusion could come as soon as July 7, broadening passive-fund demand. Underwriters led by Goldman Sachs (GS)<\/a> are managing the raise.<\/p>\n Combined 2025 sales across SpaceX units totaled $18.67 billion, per the same report. That implies a price-to-sales ratio near 96x at the revised $1.8 trillion target.<\/p>\n Analysts called the multiple “egregious” given a 2025 net loss above $4.9 billion. The xAI subsidiary grew only 12.5% year over year, undercutting bullish growth narratives.<\/p>\n The valuation cut may reflect pushback from institutional investors during pre-marketing roadshows. Morgan Stanley (MS)<\/a> is also among the syndicate banks pricing the deal.<\/p>\n Even at $1.8 trillion, SpaceX would rank among the largest listings ever staged. The size leaves little margin for execution missteps in early trading sessions.<\/p>\n Tesla Merger Chatter Grows<\/p>\n