Elon Musk denied media claims that SpaceX reduced its target valuation for an upcoming initial public offering. He responded on X with the single word “False” to a post citing Bloomberg sources. The disputed reports claimed the valuation goal was lowered to at least $1.8 trillion from ambitions above $2 trillion. The claims appeared amid anticipation for a confidential S-1 filing that could enable a public listing as early as June. Revenue growth, especially from Starlink satellite internet, was cited as a supporting factor, including $18.7 billion in 2025. Ongoing challenges include heavy investments and losses tied to Starship development and artificial intelligence initiatives.
"By rejecting the valuation downgrade narrative, Musk signals confidence in SpaceX's fundamentals and its readiness for public markets on terms favorable to its long-term vision. People have been waiting a very long time to invest in SpaceX, and the valuation, as well as the introductory share price, i"
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