SpaceX has adjusted its initial public offering (IPO) valuation target to at least $1.8 trillion, down from the previously anticipated $2 trillion, according to sources. The decision follows consultations with advisors and investors, reflecting typical pre-pricing adjustments based on stakeholder feedback. SpaceX is expected to begin its official roadshow on June 4, with pricing potentially finalized by June 11, though this timeline may shift. The company's financials reveal a revenue increase to $18.7 billion in 2025 from $14 billion the previous year, despite a shift from a $791 million profit in 2024 to a $4.94 billion loss in 2025. Earlier this year, SpaceX acquired xAI, a company owned by Elon Musk, with SpaceX valued at approximately $1 trillion and xAI at $250 billion at the time of the transaction.