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The $2T SpaceX: testing the waters with investors who've never seen a number like this
Orig: SpaceX Aims for Over $2 Trillion Valuation in Planned IPO
Bloomberg reports SpaceX boosted its IPO target above $2T by April 2 after investor testing-the-waters feedback. Senior bankers are hosting meetings ahead of the formal roadshow. The post-xAI merger entity now spans rockets, Starlink (6M+ subscribers), and AI infrastructure. Valuation implies an 87x revenue multiple compared to $15-16B annual revenue.
#ipo#spacex#starlink