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SpaceX Adjusts IPO Valuation Target to $1.8 Trillion

SpaceX has lowered its initial public offering valuation target to at least $1.8 trillion, marking a shift from earlier expectations, according to sources familiar with the company's plans. Elon Musk's space and data infrastructure firm had previously targeted a valuation exceeding $2 trillion when it disclosed IPO intentions in April. The adjustment follows discussions between SpaceX's leadership, financial advisers, and prospective investors regarding the company's market positioning. SpaceX operates in the commercial launch sector and develops data center infrastructure for space-based applications. The revised valuation reflects market conditions and investor sentiment as the firm prepares for its public debut.