SpaceX Lowers IPO Valuation

Elon Musk's SpaceX has reportedly lowered its initial public offering valuation target to at least $1.8 trillion, down from previous goals of $2 trillion.

The adjustment follows consultations with major investors and financial advisors ahead of the company's highly anticipated debut.

Despite the reduction, the valuation remains mathematically controversial among some analysts who argue the figure is indefensible based on current revenue projections.

The IPO is expected to be one of the largest in history, drawing intense interest from both institutional and retail investors seeking exposure to the private space sector.