SpaceX lowers IPO valuation target to US$1.8 trillion, Bloomberg reports

SpaceX is planning to lower its market valuation from US$2 trillion (HK$15.6 trillion) to US$1.8 trillion from its initial public offering, Bloomberg reported.

People familiar with the matter said the discussion is ongoing and that SpaceX may raise its target valuation based on investor feedback from the marketing period.

SpaceX is reportedly seeking to raise up to US$75 billion in this offering, which would make it the largest IPO in history. The company is expected to officially launch its IPO roadshow as early as June 4, with pricing scheduled for June 11. The stock ticker will be SPCX.

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