BlockBeats message, April 3, according to Bloomberg, sources familiar with the matter said that SpaceX has raised its target valuation for its first public offering to more than $2 trillion. The company and its advisers are sharing this valuation target with potential investors and preparing for meetings in the coming weeks. The “testing the waters” briefing may include more information supporting this valuation.
After acquiring Musk’s xAI, the valuation of the combined company was $1.25 trillion. At a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 except Nvidia, Apple, Google’s parent company Alphabet, Microsoft, and Amazon. It would also surpass two additional companies among the so-called “Magnificent Seven”—Meta and Tesla, which is owned by Musk himself.
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