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

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

SpaceX CEO Elon Musk unveils the company's new manned spacecraft, The Dragon V2, in 2014. (Photo by Kevork Djansezian/Getty Images)

Rounak Jain·Stocktwits

Published May 29, 2026 | 10:22 AM EDT

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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.”

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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.

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