Did SpaceX Lower Its IPO Valuation Target? Here's What Elon Musk Said

• According to a Reuters report, SpaceX is expected to launch its IPO roadshow for institutional investors next week.
• The share sale is expected to commence on June 11, 2026, with some reports suggesting that the IPO could be priced on June 12.
• SpaceX aims to raise as much as $75 billion in its IPO, a haul that would make it the largest public offering on record, surpassing the $25.6 billion raised by Saudi Aramco in 2019.

Elon Musk on Friday refuted reports that SpaceX (SPCX) had lowered its valuation target ahead of its upcoming initial public offering (IPO).

Musk issued the clarification in a post on X, calling reports of the SpaceX valuation target cut “false.”

Musk’s clarification comes after a Bloomberg report on Thursday stated that SpaceX had lowered its target to $1.8 trillion, from its previous aim of over $2 trillion.

When Is SPCX Expected To Launch IPO Roadshow?

According to a Reuters report, SpaceX is expected to launch its IPO roadshow for institutional investors next week. The share sale is expected to commence on June 11, 2026, with some reports suggesting that the IPO could be priced on June 12.

SpaceX filed its long-awaited S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) last week, offering a detailed look at the company's financial performance. The filing showed that SpaceX generated $18.7 billion in revenue in 2025, while revenue for the first quarter of 2026 totaled $4.7 billion.

SpaceX aims to raise as much as $75 billion in its IPO, a haul that would make it the largest public offering on record, surpassing the $25.6 billion raised by Saudi Aramco in 2019.

SpaceX will debut on the Nasdaq under the ticker ‘SPCX’.

SPCX’s $45B Deal With Anthropic

Earlier this month, SpaceX and Anthropic announced a partnership that gives the Claude developer access to Colossus 1, one of the world's largest AI supercomputers and among the fastest ever deployed.

Anthropic stated that the $45 billion deal gives it access to more than 300 megawatts of new capacity. As part of the agreement, SpaceX and Anthropic have also discussed partnering to develop multiple gigawatts of orbital AI computing capacity.

Musk clarified on Thursday that the lease is currently for a 180-day period, with SpaceX retaining the option to pull back resources if capacity gets “super tight.” He also stated that SpaceX is in discussions with other companies for similar deals.

The Procure Space ETF (UFO) is up 154% over the past 12 months, while the ARK Space & Defense Innovation ETF (ARKX) is up 75%.

The Spear Alpha ETF (SPRX) is up 98% during this period, while the Global X Space Tech ETF (ORBX) is up 37%.

Also See: This Memory Stock Is Up 4,213% In A Year — Susquehanna Says It Can Nearly Double From Current Levels

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