[Report: SpaceX IPO Target Valuation Lowered to at Least $1.8 Trillion] Odaily Planet Daily News – Sources reveal that Elon Musk's SpaceX is currently seeking a valuation of at least $1.8 trillion for its initial public offering (IPO), down from the previously reported $2 trillion. Insiders stated that after consultations with advisors and investors, SpaceX has adjusted its target downward. Details such as the IPO's issuance size and valuation are typically adjusted based on stakeholder feedback before final pricing. The report indicates that SpaceX could begin its formal roadshow as early as June 4 and may finalize pricing as soon as June 11, though the actual trading timeline could be delayed by several days. Discussions are still ongoing, and the company may further raise its target valuation based on investor feedback during the roadshow. According to the prospectus, SpaceX's revenue in 2025 is projected to reach $18.7 billion, up from $14 billion the previous year. Over the same period, the company's performance is expected to shift from a profit of $791 million in 2024 to a loss of $4.94 billion in 2025. In February of this year, the company announced the acquisition of Musk's xAI, a deal that at the time valued SpaceX at approximately $1 trillion, with xAI valued at around $250 billion. (Jin10)