SpaceX adjusted its IPO valuation target to a minimum of $1.8 trillion. Reports of the revision emerged on June 1, 2026. The new target follows a previous goal of more than $2 trillion.
The company reported a $4.28 billion net loss. This deficit occurred during the first quarter of 2026. High AI infrastructure costs from the merger with Elon Musk’s xAI drove the loss.
EchoStar serves as a primary proxy for investors seeking SpaceX exposure. The company is selling wireless spectrum to SpaceX in a deal valued at approximately $20 billion. This transaction includes a SpaceX equity stake of up to $11 billion. EchoStar shares have climbed significantly over the past year. Investor enthusiasm remains steady despite the revised valuation.