SpaceX and investment bankers will host meetings to pressure-test the Elon Musk-led company’s targeted $2 trillion valuation, a crucial step as it drives toward the largest-ever initial public offering, people familiar with the matter said.
Two months after a merger with xAI, senior bankers are poised to begin talks around the rocket, satellite and AI company’s initial public offering, to determine if its vaunted valuation will still lure in investors. Its market value is now expected to top $2 trillion, up from expectations of $1.75 trillion less than two weeks ago, people familiar with the matter said.
Elon Musk
Photographer: Brendan Smialowski/AFP/Getty Images
