SpaceX is lowering its initial public offering valuation target to $1.8 trillion, down from its previous $2 trillion goal announced in April. The company plans to raise $75 billion by offering shares at $135 each.
SpaceX has adjusted expectations for its highly anticipated IPO, moving toward a more conservative valuation after initially targeting above $2 trillion. The revised $1.8 trillion figure still positions the company as one of the most valuable private enterprises ever to go public.
The space exploration company plans to offer shares at a fixed price of $135 per share to raise $75 billion, bypassing the traditional underwriter marketing phase that typically precedes IPO pricing. This approach represents another unconventional move by the Elon Musk-led company, which has consistently challenged Wall Street norms.
While SpaceX adjusts its valuation, the broader AI sector continues to consolidate leadership positions. Anthropic closed a funding round at a $965 billion valuation, surpassing OpenAI and marking a significant shift in the competitive landscape of artificial intelligence development.
Elsewhere in tech, Dell Technologies surged after delivering an earnings outlook that substantially exceeded Wall Street expectations, signaling strong demand for hardware in the current market. The positive guidance came as investors reassess valuations across the technology sector.
SpaceX's IPO plans come as the company maintains its dominance in commercial spaceflight and government contracts. The company has expanded its Starship program and secured numerous contracts with NASA and the Department of Defense.
The timing of SpaceX's public offering follows broader market conditions and investor appetite for space technology exposure. The revised valuation reflects realistic market conditions while still valuing the company at a significant premium to most enterprise software and traditional industrial companies.
No official IPO date has been announced, though the company continues preparations for its market debut.
Autonomous trucking startup PlusAI plans to merge with blank-check firm Texas Ventures Acquisition III Corp, valuing the company at $800M pre-money. The move comes as PlusAI operates self-driving freight routes in Texas with logistics company Ryder.
AI infrastructure startup Fluidstack closed a $1.5B funding round led by Jane Street, more than doubling its valuation from $7.5B just five months prior. The rapid growth reflects surging demand for GPU compute capacity.
Israeli startup Guardio, which provides subscription-based consumer security services for digital accounts, secured $40 million in funding at a $1.1 billion valuation. The round included backing from prominent investors such as Assaf Rappaport, founder of cloud security firm Wiz.
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