--- title: "Elon Musk Denies SpaceX Quietly Lifted IPO Target Toward $2 Trillion: 'Don't Believe Everything…'" type: "News" locale: "en" url: "https://longbridge.com/en/news/281625753.md" description: "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." datetime: "2026-04-03T09:22:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281625753.md) - [en](https://longbridge.com/en/news/281625753.md) - [zh-HK](https://longbridge.com/zh-HK/news/281625753.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281625753.md) | [繁體中文](https://longbridge.com/zh-HK/news/281625753.md) # Elon Musk Denies SpaceX Quietly Lifted IPO Target Toward $2 Trillion: 'Don't Believe Everything…' **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. > > 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 > > — Mario Nawfal (@MarioNawfal) April 2, 2026 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. > > Bloomberg publishes bs. > > — Elon Musk (@elonmusk) April 3, 2026 ## 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. _Image via Shutterstock_ ### Related Stocks - [NASDAQ Composite Index (.IXIC.US)](https://longbridge.com/en/quote/.IXIC.US.md) - [S&P 500 (.SPX.US)](https://longbridge.com/en/quote/.SPX.US.md) - [NASDAQ-100 (.NDX.US)](https://longbridge.com/en/quote/.NDX.US.md) - [Stt Strt® SPDR® S&P® Arspc & Dfnc ETF (XAR.US)](https://longbridge.com/en/quote/XAR.US.md) - [iShares US Aerospace & Defense ETF (ITA.US)](https://longbridge.com/en/quote/ITA.US.md) - [Invesco QQQ Trust (QQQ.US)](https://longbridge.com/en/quote/QQQ.US.md) - [iShares Core S&P 500 ETF (IVV.US)](https://longbridge.com/en/quote/IVV.US.md) - [ARK Space & Defense Innovation ETF (ARKX.US)](https://longbridge.com/en/quote/ARKX.US.md) - [Invesco Aerospace & Defense ETF (PPA.US)](https://longbridge.com/en/quote/PPA.US.md) - [ProShares UltraPro S&P500 (UPRO.US)](https://longbridge.com/en/quote/UPRO.US.md) - [SPDR® S&P 500® ETF (SPY.US)](https://longbridge.com/en/quote/SPY.US.md) - [Vanguard S&P 500 ETF (VOO.US)](https://longbridge.com/en/quote/VOO.US.md) ## Related News & Research - [Why Is the SPY ETF Up Today, 4/1/2026?](https://longbridge.com/en/news/281428290.md) - [Should You Really Invest in the Vanguard S&P 500 ETF Right Now? 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