Elon Musk Denies SpaceX Quietly Lifted IPO Target Toward $2 Trillion: 'Don't Believe Everything…'
Elon Musk has denied reports that SpaceX is targeting a $2 trillion valuation for its upcoming IPO, urging people not to believe rumors. The company had previously filed for an IPO with a confirmed valuation of $1.75 trillion and aims to raise $75 billion. Nasdaq is implementing rule changes that may facilitate SpaceX's entry into the index, while the S&P 500 is also considering similar adjustments. Musk's comments come in response to claims made by an influencer citing Bloomberg.
SpaceX CEO Elon Musk has rubbished reports of the commercial space flight giant targeting a $2 trillion valuation ahead of the company’s awaited IPO.
Don’t Believe Everything You Read
On Thursday, influencer Mario Nawfal posted on X, sharing that the company had boosted its IPO target to a “valuation above $2 trillion,” citing a report by financial media outlet Bloomberg.
SpaceX boosted its IPO target valuation above $2 trillion.
— Mario Nawfal (@MarioNawfal) April 2, 2026
Under Elon's bold leadership, the company is now aiming for one of the largest public offerings in history.
This new target reflects the extraordinary progress Elon has driven across rockets, Starlink, and AI,… https://t.co/Onrotx2P15 pic.twitter.com/wDaQKf8zNJ
Responding to the influencer’s post, Musk denied the reports of a possible $2 trillion valuation. “Don't believe everything you read,” Musk said.
Don't believe everything you read.
— Elon Musk (@elonmusk) April 3, 2026
Bloomberg publishes bs.
SpaceX’s IPO
The company had confidentially filed a draft for its IPO with the Securities and Exchange Commission (SEC). The company is targeting a June listing for its IPO. Musk had earlier confirmed a $1.75 trillion valuation for SpaceX in the runup to the listing. The company was also reportedly aiming to raise $75 billion via the IPO.
Nasdaq, S&P 500 Rule Changes
Meanwhile, Nasdaq announced it was adopting a series of rule changes that could help SpaceX enter the index within 15 trading days, as well as saying that calculations for a company’s market capitalization would include both listed and unlisted shares. The rule changes were criticized by investor Gary Black of The Future Fund LLC, who said that such a move would put fund managers under immense pressure to participate in the IPO.
In addition to the Nasdaq, the S&P 500 Index, which is managed by S&P Global Dow Jones Indices, was also reportedly mulling changing its rules for entry into the index. However, responding to a request for comment by Benzinga, the index said that it did not “comment on speculation regarding potential index or methodology changes."
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
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