Elon Musk’s space exploration company SpaceX has set a target price for buyers earlier than expected, valuing the firm at $1.75tn, according to reports. The valuation, one of the largest for a private company, signals growing investor confidence ahead of its highly anticipated stock market debut.
SpaceX, which operates the Starlink satellite network and develops the Starship rocket, has long been seen as a candidate for an initial public offering (IPO). The move to set a target price earlier than anticipated suggests the company is accelerating its plans to go public, though no official date has been confirmed. The $1.75tn valuation would make SpaceX one of the most valuable companies in the world, rivaling major tech firms.
“SpaceX has set a target price valuing the company at $1.75tn, moving closer to its stock market debut earlier than expected.”
The news comes as SpaceX continues to expand its commercial space operations, including satellite internet services and government contracts. The company has raised billions in private funding over the years, but an IPO would open up investment to the wider public.
For UK investors, the potential listing could offer a rare opportunity to buy shares in a leading space company. However, the exact timeline and exchange remain unclear. Analysts will be watching closely for regulatory filings and further announcements.
What happens next: SpaceX is expected to release more details on its IPO plans in the coming months, including the exchange and share price range. The company has not officially commented on the valuation report.