SpaceX Said to Lower Target for IPO Valuation to $1.8 Trillion

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SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, according to sources, after Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion.

Bloomberg's space and aviation managing editor Benedikt Kammel joins Tim Stenovec on "Bloomberg Tech." (Source: Bloomberg)

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