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SpaceX IPO Valuation Target
Elon Musk's SpaceX has reportedly lowered its initial public offering valuation target to $1.8 trillion ahead of its highly anticipated roadshow.
The adjustment comes as investors weigh the risks of the company's complex governance structure and murky financial reports.
While the IPO is poised to be the largest in history, some pension funds have already blacklisted the stock over ethical and transparency concerns.
Despite the lower target, Wall Street remains bullish on the company's long-term dominance of the satellite and commercial space sectors.