<p><strong>SpaceX</strong> CEO <strong>Elon Musk</strong> has rubbished reports of the commercial space flight giant targeting a $2 trillion valuation ahead of the company’s awaited IPO.</p>



<h2>Don’t Believe Everything You Read</h2>



<p>On Thursday, influencer <strong>Mario Nawfal</strong> 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.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote><p lang="en" dir="ltr">SpaceX boosted its IPO target valuation above $2 trillion.<br/><br/>Under Elon's bold leadership, the company is now aiming for one of the largest public offerings in history. <br/><br/>This new target reflects the extraordinary progress Elon has driven across rockets, Starlink, and AI,… https://t.co/Onrotx2P15 pic.twitter.com/wDaQKf8zNJ</p>— Mario Nawfal (@MarioNawfal) April 2, 2026</blockquote>
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<p>Responding to the influencer’s post, Musk denied the reports of a possible $2 trillion valuation. “Don't believe everything you read,” Musk said. </p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote><p lang="en" dir="ltr">Don't believe everything you read. <br/><br/>Bloomberg publishes bs.</p>— Elon Musk (@elonmusk) April 3, 2026</blockquote>
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<h2>SpaceX’s IPO</h2>



<p>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.</p>



<h2>Nasdaq, S&amp;P 500 Rule Changes</h2>



<p>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 <strong>Gary Black</strong> of <strong>The Future Fund LLC</strong>, who said that such a move would put fund managers under immense pressure to participate in the IPO.</p>



<p>In addition to the Nasdaq, the S&amp;P 500 Index, which is managed by <strong>S&amp;P Global Dow Jones Indices</strong>, 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.&#34;</p>



<p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em> following this link.</p>



<p><em>Image via Shutterstock</em></p>

<p>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.</p>

- SpaceX CEO Elon Musk has dismissed claims that the company is targeting a $2 trillion valuation for its upcoming IPO.  
- Musk, while responding to a social media post, stated, “Don't believe everything you read,” directly rejecting the reports.  
- SpaceX had previously confidentially filed for an IPO with a confirmed valuation of $1.75 trillion and aims to raise $75 billion, targeting a June listing.

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Elon Musk Denies SpaceX Quietly Lifted IPO Target Toward $2 Trillion: 'Don't Believe Everything…'