The debate over SpaceX’s IPO valuation has intensified after the company cut its target to $1.8 trillion, while Elon Musk denied the reduction.
The report questions SpaceX’s market value as investors weighed the strength of Starlink against the company’s weaker parts.
Starlink generated $11.4 billion in revenue in 2025. It remains SpaceX’s only profitable segment.
The company’s rocket and AI operations remain loss-making, the source content said.
Read: SpaceX IPO Valuation Sparks Wall Street Divide
SpaceX also plans unusual post-IPO lockup terms. The structure would allow staggered insider share sales after earnings updates.
The company aims to avoid sharp price drops through that approach. It also wants to increase the share float for possible index inclusion.
