Gate News message, April 3, a person with knowledge of the matter revealed that SpaceX has raised its target valuation for its first initial public offering (IPO) to more than $2 trillion. The company and its advisers are sharing this valuation target with prospective investors as they prepare for meetings over the coming weeks. These so-called “tasting-the-water” briefings may include more information supporting the valuation. In February, reports said that after SpaceX acquired Musk’s xAI, the combined company’s valuation was $1.25 trillion. Based on a $2 trillion valuation, SpaceX would surpass all companies in the S&P 500 except for Nvidia, Apple, Alphabet, the parent company of Google, Microsoft, and Amazon, and it would also surpass two additional companies among the U.S. stock “Magnificent Seven”—Meta and Tesla, which is also under Musk’s control.